I believe the Sept 5 Friday gap up and reversal at opening marked the top of the rally since Apr lows.
1. RSI div on Daily
2. Extreme chop and fading momentum since August which is typical for wave 4
3. Broken Apr trend channel and retested
4. Divergence between SPX and NDQ (which didn't make an ATH)
5. Risk-on assets like
SMH (e.g. 
NVDA), 
XLK (e.g. 
MSFT), and 
BTCUSD are all breaking down
Even though there is more upside, it would be limited and we are in the late stage rally since April. Sept seasonality is real.
1. RSI div on Daily
2. Extreme chop and fading momentum since August which is typical for wave 4
3. Broken Apr trend channel and retested
4. Divergence between SPX and NDQ (which didn't make an ATH)
5. Risk-on assets like
SMH (e.g. NVDA), XLK (e.g. MSFT), and BTCUSD are all breaking downEven though there is more upside, it would be limited and we are in the late stage rally since April. Sept seasonality is real.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.