I ALWAYS try to keep it real. I do own a capital LLC, but have no intention of making markets here at the expense of my community. What happened? The positive buying presssure wasnt enough to create a negatively divergent price action. so it returned to selling pressure driving the force, and instead of continuing with the new influx of negative buying pressure is now the driving force. What does that mean? well the very start of the rally began on the same force. the pressure can ONLY go positive from here on out and there is CLEAR P-N-P MACD Bulllish divergence as well as CCI OBV divergence and a triangle patter broken. Do not fear if youre long or missed the short. keep the faith
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ANd if youre wondering why that price action broke down? Well the driving force is dependent on the SPX falling and therefore new volume flowing into the emergent markets (bearish)
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Blue are support and red are resitance
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