We've got lots of good data points for this rollover. Both price and volume don't have a lot of faith in the rally.
BVI had a hot spot (turn) a couple of days ago, BOP diverged and is heading down.
Fib levels say watch out that you don't plow through 2570~2520...cause we could test the Dec bottoms.
Of course China and Europe and Trump could all be fine and you could just keep buying the dips like the past decade. But I would wait a few days before kicking off any new positions or a good confirmation of bottom.
BVI had a hot spot (turn) a couple of days ago, BOP diverged and is heading down.
Fib levels say watch out that you don't plow through 2570~2520...cause we could test the Dec bottoms.
Of course China and Europe and Trump could all be fine and you could just keep buying the dips like the past decade. But I would wait a few days before kicking off any new positions or a good confirmation of bottom.
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