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Overbought And Over Believed!
Imminent topping action is occurring.
A firm close below the lower black up trend line will confirm.
Alternatively, the current price is extreme and a low risk short entry.
We can see the rally is squeezed.
Is there some black swan event coming to trigger the break?
A clear ABC is in place...a powerful WAVE C down will take stocks below the March lows.
A firm close below the lower black up trend line will confirm.
Alternatively, the current price is extreme and a low risk short entry.
We can see the rally is squeezed.
Is there some black swan event coming to trigger the break?
A clear ABC is in place...a powerful WAVE C down will take stocks below the March lows.
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