The Dow and indexes alike are pushing higher and higher, however whilst this looks set to continue there are multiple signs of the steam running out on the trend.
1.) Multiple divergences on oscillators
2.) Many missed pivots
3.) Oversold conditions on RSI high timeframe
Therefore, I think investors are getting ready to net on shorts in the coming weeks.
1.) Multiple divergences on oscillators
2.) Many missed pivots
3.) Oversold conditions on RSI high timeframe
Therefore, I think investors are getting ready to net on shorts in the coming weeks.
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