Combined US Equities - Critical Support Line BROKEN DOWN
Just yesterday, the line was drawn and by the close of the day/week, it was done... the line broke with a close below.
So, zooming out into the weekly charts, and we see the TD Sequential starts for a Buy Setup (means bullish till end of Setup). Projecting a simple waterfall scenario brings US equities down to target at the TDST, and meeting a confluence of several support levels.
Noted MACD crossed down as is RoVD tapering down too.
This is the simplest straight line outcome.
Alternatively, might see a weak bounce for a lower high on the weekly charts and then the cliff fall in mid- to end-February.
Just need to know, then decide what to do.
On a seperate note.
The First 5 days of the trading week of January is part of the January Barometer where how January closes is how the year goes. and this ended DOWN.
Now, if January is ending DOWN as well, then you decide how 2025 is ending most likely.
Already obvious 2025 is challenging till September.
Watch for it and be wary.
All the best!
So, zooming out into the weekly charts, and we see the TD Sequential starts for a Buy Setup (means bullish till end of Setup). Projecting a simple waterfall scenario brings US equities down to target at the TDST, and meeting a confluence of several support levels.
Noted MACD crossed down as is RoVD tapering down too.
This is the simplest straight line outcome.
Alternatively, might see a weak bounce for a lower high on the weekly charts and then the cliff fall in mid- to end-February.
Just need to know, then decide what to do.
On a seperate note.
The First 5 days of the trading week of January is part of the January Barometer where how January closes is how the year goes. and this ended DOWN.
Now, if January is ending DOWN as well, then you decide how 2025 is ending most likely.
Already obvious 2025 is challenging till September.
Watch for it and be wary.
All the best!
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