From this entire uptrend we might be seeing the first signs of trouble.
Here are some reasons for this from a technical perspective:
-Daily Printed a Gravestone Doji
-RSI Testing Overbought as Resistance
-Slight Bearish Divergence on Daily RSI
-Momentum Stalling
There could also be some catalyst tomorrow that contribute to this. Powell speaks tomorrow so depending on what he says could either add fuel to a market reversal or negate these bearish signals and send us on another leg. Prepare for volatility.
Here are some reasons for this from a technical perspective:
-Daily Printed a Gravestone Doji
-RSI Testing Overbought as Resistance
-Slight Bearish Divergence on Daily RSI
-Momentum Stalling
There could also be some catalyst tomorrow that contribute to this. Powell speaks tomorrow so depending on what he says could either add fuel to a market reversal or negate these bearish signals and send us on another leg. Prepare for volatility.
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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.
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.