We are following 2014 bear market very closely during this 2018 one. At this point it appears we are more bearish now than we were at the end of May 2014.
As you can see we wicked off the 200EMA and had a nice bounce in 2014. This time, we broke down below the 200EMA, bounced and rejected back off it to the downside.
As you can see we wicked off the 200EMA and had a nice bounce in 2014. This time, we broke down below the 200EMA, bounced and rejected back off it to the downside.