My last post showed the current 1day RSI divergence. Thought I would take a look at historical data on similar situations, as divergence doesn't always lead to expected changes. However in doing so I was surprised to find only one. It occurred at the end of 2017 and we all know the outcome of that. The StochRSI also has similarities. I am thus in a mild panic that 0.5 pull back is too small and a larger drop is imminent.
THe support is pretty strong going all the way back to November so I hope it holds.
I would appreciate comments calming me down and agreeing the ~8350 support will be strong enough to hold it. Thanks.
THe support is pretty strong going all the way back to November so I hope it holds.
I would appreciate comments calming me down and agreeing the ~8350 support will be strong enough to hold it. Thanks.
