Technicals suggesting sell off to continue?
Weekly TF technicals have shown a breach of short/intermediate term MAs and psychologically important support levels.
Divergence and a crossover on the MACD support the case for more downside.
My immediate thought is where will price find support?
2580 seems like the next significant level as the market retests the lows established earlier this year in anticipation of mid-term elections.
If market breaks those levels, the 200-week MA would be my next area of interest.
Divergence and a crossover on the MACD support the case for more downside.
My immediate thought is where will price find support?
2580 seems like the next significant level as the market retests the lows established earlier this year in anticipation of mid-term elections.
If market breaks those levels, the 200-week MA would be my next area of interest.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.