The chart shows the area i previously believed would contain a corrective move back to retrace the first impulse lower, that is off the table and the question is where is that turning point now.
September likely to get a rate cut, tariffs news having less impact and news about Powell needs to watched.
We have continued divergence and i think after a blow out top we will get a reasonable corrective move.
September likely to get a rate cut, tariffs news having less impact and news about Powell needs to watched.
We have continued divergence and i think after a blow out top we will get a reasonable corrective move.
Mark Langley
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Mark Langley
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.