We perfectly kissed the 100 MA and stopped. I believe 100 MA was the final destination for the Market (Market always have a destination) Also I think this was Bear Market Rally(if we pulled back and consolidated at some point in last 3 weeks it could have been a different story). With all the good news about the Job numbers and other good economic data Markets weren't able to push higher, indicates weakness. So this larger H&S might have better odds. We will find out in the next few weeks...
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Market topped I think. Confirmed Negative Divergence. December low came right after positive divergence confirmed.
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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.