I won't be able to post before work, so here's an early update....
RSI is barely touching oversold, I expect it to go a bit further, but don't expect a tank. Probably a double bottom because the algos want their money back, lol.
Daily and weekly RSI also oversold, and the algos appear to be looking strictly at indicators and not the news. They freakin pumped right before tariff announcements TWICE, lol. SO possible reversal tomorrow afternoon or Thu. Keep an eye out, they'll pump the market every time a country makes a deal. That's my prediction...
RSI is barely touching oversold, I expect it to go a bit further, but don't expect a tank. Probably a double bottom because the algos want their money back, lol.
Daily and weekly RSI also oversold, and the algos appear to be looking strictly at indicators and not the news. They freakin pumped right before tariff announcements TWICE, lol. SO possible reversal tomorrow afternoon or Thu. Keep an eye out, they'll pump the market every time a country makes a deal. That's my prediction...
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