WoW....a nice POP right up to the 200MA and the 50% Fib Ret Line and an immediate pullback (indicating a trend change) and now has fallen back to the bottom up red dotted channel line.
This rejection and decline in RSI indicate that we're in another bear move down...the only questions let are how far and will it be the last one before this whole bear wave since Nov 2021 will be done.
I suspect we'll have to wait for the FED meeting in Mar, 2022 before one might expect any new direction.
Probably going back to the Daily chart.
Thanks for all the AGREEDS ~~ LIKES ~~ AND FOLLOWS!!
I hope you're finding what I do helpful...thx again!
This rejection and decline in RSI indicate that we're in another bear move down...the only questions let are how far and will it be the last one before this whole bear wave since Nov 2021 will be done.
I suspect we'll have to wait for the FED meeting in Mar, 2022 before one might expect any new direction.
Probably going back to the Daily chart.
Thanks for all the AGREEDS ~~ LIKES ~~ AND FOLLOWS!!
I hope you're finding what I do helpful...thx again!
