Combined US Equities - Critical Support Line drawn
As expected, not a good finish, not a great start.
Now, a potential trend change pattern might be forming. This pattern has a series of two of each Lower Highs (LH) and Lower Lows (LL). With that criteria fulfilled (LL 926 and 925.75), the Critical Support Line can be drawn at 925.75.
A breach and breakdown to close below 925.75 is likely to send the US equities market reeling over and down the cliff. This is the trend change pattern that is very reliable.
Noted that the RoVD indicator has crossed below the zero line, bearish.
Watch the Critical Support Line, and the TDST lines now...
Now, a potential trend change pattern might be forming. This pattern has a series of two of each Lower Highs (LH) and Lower Lows (LL). With that criteria fulfilled (LL 926 and 925.75), the Critical Support Line can be drawn at 925.75.
A breach and breakdown to close below 925.75 is likely to send the US equities market reeling over and down the cliff. This is the trend change pattern that is very reliable.
Noted that the RoVD indicator has crossed below the zero line, bearish.
Watch the Critical Support Line, and the TDST lines now...
Note
.... and it has been BROKEN.
You know what happens now... a likely fall off the cliff reaction.
BEARISH!!!
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