I bypassed the Topical Thursday post because I’m in some pretty deep dives into the charts. This weekly close is approaching and if things don’t improve there are some pretty stark possibilities. I want to provide a detailed outline of the possibilities and how things need to play out for those potentialities. Coming into the weekend of decreased volume be very careful in your short-term long (bullish) positions. It won’t take as much volume to move the markets erratically.
The prospects of a bearish break are stacking up. Rsi is still bearish and trending down. There are continual lower lows and lower highs.
I’ll present various different pictures later tonight so you can come to your own conclusions.
Most importantly just be cautious with whatever directionality you think may be approaching. Volatility both up and down will likely increase and create many false signals. Wait for confirmation on the charts from multiple signals or simply just sit and wait. As is said often, “no moves to be taken” is also a move.
This is my favorite: “no moves to be taken” is also a move. thanks Terry!
Pure "zen"🧘♀️position😉