From this analysis, the long term market trend appears bearish. The yellow trends looks curiously similar to a "head and shoulders" technical pattern.
Looking shorter-term, am expect fluctuations between the purple support and the 200-day MA.
Further, it appears that bearish divergence is forming between the MACD and the Stochastic oscillators, indicating potential for continued short-term support.
Looking shorter-term, am expect fluctuations between the purple support and the 200-day MA.
Further, it appears that bearish divergence is forming between the MACD and the Stochastic oscillators, indicating potential for continued short-term support.
Comment:
UPDATE: *Second line - should be "I expect"