Like the last 2 major tops we now have:
1. Long term up trend line broken.
2. Most recent monthly low taken out.
3. Bearish divergence in Monthly RSI.
Also in the current bull run (labeled 1-5) wave 5 = 1.62 X 1. Wave 1 and 5 often have a fib relationship. So when current up correction is over would not be surprised to see start of Bear market.
Take care. Feedback always appreciated.
1. Long term up trend line broken.
2. Most recent monthly low taken out.
3. Bearish divergence in Monthly RSI.
Also in the current bull run (labeled 1-5) wave 5 = 1.62 X 1. Wave 1 and 5 often have a fib relationship. So when current up correction is over would not be surprised to see start of Bear market.
Take care. Feedback always appreciated.
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