ES down - broke trendline, 50day, rsi
ES:
Daily:
-broke below uptrend rsi channel
-broke below uptrend price action
-inc volume
Weekly: (not shown here)
-rsi trending downward within a larger uptrend channel
-looks like a topping candle unless Th/Fri are stellar bounce back days
If today started a true correction and there is no fake out, one-day-wonder break below these trendlines, it should last a few weeks. tbd...
Daily:
-broke below uptrend rsi channel
-broke below uptrend price action
-inc volume
Weekly: (not shown here)
-rsi trending downward within a larger uptrend channel
-looks like a topping candle unless Th/Fri are stellar bounce back days
If today started a true correction and there is no fake out, one-day-wonder break below these trendlines, it should last a few weeks. tbd...
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