During Friday's session on WS, DJT closed near Fib. 0,382, a regular level for wave 4 termination.
During the last weeks, a "Contracting Triangle" and even a "Thrust" at 14140 apparently has been formed, which is slightly above the upper resistance-line of the trend-channel and not unusual.
This indicates, that the bullish sentiment of the last periods might be over.
Furthermore SPX and NDX, both closed well above Fib. 0,618, which often is a level for trend reversal.
DJI is also very close to this level. (It will be only a question of hours!)
During the last weeks, a "Contracting Triangle" and even a "Thrust" at 14140 apparently has been formed, which is slightly above the upper resistance-line of the trend-channel and not unusual.
This indicates, that the bullish sentiment of the last periods might be over.
Furthermore SPX and NDX, both closed well above Fib. 0,618, which often is a level for trend reversal.
DJI is also very close to this level. (It will be only a question of hours!)
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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.