Fell thru a rising wedge pattern Thursday and closed Friday with gravestone doji. Also finish the weekly with a bearish shooting star. RSI has been showing divergence since January. Nasdaq tried to break through that divergence and rejected on April 13th, 16th, 26th, and 29th.
Macd - Death cross
It's coming down; the question is how far. The most important level I'm watching is at 13620 Fib ext 1. If it breaks through that area that would be a double and then we can honestly expect a lower move to close some of those gaps left behind in April's rally.
Lose your opinion, not your money
Macd - Death cross
It's coming down; the question is how far. The most important level I'm watching is at 13620 Fib ext 1. If it breaks through that area that would be a double and then we can honestly expect a lower move to close some of those gaps left behind in April's rally.
Lose your opinion, not your money
