Looking at the chart, its like like a bearish island developed that ended with a large red candle to fill the gap. We are floating around the 3000 level but are have continued to post lower highs and lower lows for three days. We have A LOT of gaps on this chart and that is something to pay attention to at key levels in the upcoming weeks. If we break below 3000 and this line becomes resistance, I don't see anywhere else this can go other than down.
We had an MACD crossover, the RSI was signaling overbought, and the bollinger bands width was increasing. Not to mention the VIX spike was a big red flag for me. Good luck!
We had an MACD crossover, the RSI was signaling overbought, and the bollinger bands width was increasing. Not to mention the VIX spike was a big red flag for me. Good luck!