Short
RSX in very bad shape overall
I don't like the pattern at all in RSX .
In a period where it supposed to be rising RSX broke the cycle low.
Likely , the decline will steepen into late August , Early Sep where we will potentially see by then a deficient rally and then a correction again going into next year.
Overall I don't like at all and I believe this cycle is in the early stages of a L-H translation .
In a period where it supposed to be rising RSX broke the cycle low.
Likely , the decline will steepen into late August , Early Sep where we will potentially see by then a deficient rally and then a correction again going into next year.
Overall I don't like at all and I believe this cycle is in the early stages of a L-H translation .
What is your business plan ?
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What is your business plan ?
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.