It is what it is. Not much to add, many other indicators and indices say sell, this one was just so precise with the channel
Asia also dipped today, and the selling wave after yesterday's trading followed all over the world. SPY and Nas100 are already trading at resistance (too simple to post on a separate chart), so we're sitting at decision point. One thing that bothers me, it seems too simple. And markets tend to surprise and stay irrational.
Linked a bad chart to this one, but check my charts for indices, you can see some similar observations
Asia also dipped today, and the selling wave after yesterday's trading followed all over the world. SPY and Nas100 are already trading at resistance (too simple to post on a separate chart), so we're sitting at decision point. One thing that bothers me, it seems too simple. And markets tend to surprise and stay irrational.
Linked a bad chart to this one, but check my charts for indices, you can see some similar observations
