Well, we are here. The long anticipated zone of every trader over the last few weeks. Partial credits . Partial credit analysis is how i like to think. Partial credits to RSI partial credits to volume partial credits to trend partial credits to Fibonaccis. ect
The only bullish signal I see right now is Divergence on the weekly RSI, including fundimentals. I would outweigh that with decreasing weekly Volume, where we are at with the trend and my opinion that the feds will continue. There were some interesting fundimentals this week, specifically C-PMI. But also indications that were more positive. The fact we pumped so hard out of Powells speech, however, was concerning. Not justified, It feels dirty...Greedy.
Fundimental divergence....my favorite kind. Happy trading
The only bullish signal I see right now is Divergence on the weekly RSI, including fundimentals. I would outweigh that with decreasing weekly Volume, where we are at with the trend and my opinion that the feds will continue. There were some interesting fundimentals this week, specifically C-PMI. But also indications that were more positive. The fact we pumped so hard out of Powells speech, however, was concerning. Not justified, It feels dirty...Greedy.
Fundimental divergence....my favorite kind. Happy trading
