In addition to the poor fundamental economic outlook for the next several quarter earnings.
There are several technical indicators that are signalling a bearish market for at least the next month until early June.
1) We have broken the lower band of our most recent upward trend channel.
2) We are at the top of our daily Bollinger band which is also the same as our current 200MA resistant level.
3) And both our ROSC and MACD swing trading oscillators are at the top of their daily cycle.
P.S. (This is for education only. Not a financial advice or signal.)
There are several technical indicators that are signalling a bearish market for at least the next month until early June.
1) We have broken the lower band of our most recent upward trend channel.
2) We are at the top of our daily Bollinger band which is also the same as our current 200MA resistant level.
3) And both our ROSC and MACD swing trading oscillators are at the top of their daily cycle.
P.S. (This is for education only. Not a financial advice or signal.)
