Today they tried to push Djones above 10.000 and today they failed. We will gonna have 2 days of extreme volatility, but one thing is almost garanteed... What a nasty black monthly candle...
Daily we are consolidating near lows, and for example Dow Jones is ultra bearish because it closed bellow mm200 days for 4 days in a row and now closed bellow 10.000.
Indexes now are overbought on 4 hours charts and near supports very importants... When they fail, it will be nasty.
Breakdown in Mega-Cap Growth Confirms Bear Phase
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While our major equity benchmarks showed incredible strength in Q1 2024,
breadth conditions have been deteriorating since mid-March. Despite the
weakening ...
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