The monthly RSI shown is acting very weak and bb bands as you can see keep the market within it some 90 plus pct the upside is limited from weekly to quarterly bb bands . THE ONLY WAY TO BREAK ABOVE THIS IS A BLOWOFF .Based on all the models none are setup to do so . This a very strong warning to anyone long . next cycle turn is 8/2 to 8/6 I see very neg cycles into oct 10 to oct 20 worldwide
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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.