Is the bull market back?
I think we're about to find out! 8Hr is showing its first regular bearish divergence since we broke the downtrend, but in order to stay bearish we will have to go back below the bear resistance. If we bounce, we will likely be returning above the bull support. The 3 month RAVWAP could give us additional support if we break down and then we have 3 more RAVWAPs to fall to. Intelligent Mas all show bull activity still as well. Vix Fix and EMA/SMA combo RSI both show weak bull potential.
Its definitely a decision point. Good time to prepare for anything.
take the brown acid
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.