Looking at a weekly chart it seems that we are in distribution that has started in 2015. We now see volume off the tops of the Last Point of Supply (LPSY). There are Signs of Weakness (SoW) and change of character in the background. I break below the yearly pivot point which should be tested this week could result in significant declines.
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.