Ominous looking top
The markets have been teasing new highs for a while now. The latest price action from this week shows a tremendous amount of selling pressure that will most likely result in stocks making short term intermediate lows and deepening the current correction. Be very cautious going long.
Note
Currently dropping incredibly steeply. The velocity and momentum lead me to believe there will be continued selling here as a result of over bullishness in the last year.
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.