I'm sorry about the late update, I like to get these out before the open on Monday.
Technicals:
I would like to see a breakdown below the uptrendline and the old neckline, close below 2905. We have sell signals on weekly charts. On the short term charts specifically 4 hr we have bullish divergences which could provide an objective shorting opportunity. Plenty of room on rsi. Stochastic rsi sell signal on daily/weekly. Wait for a good rally too short. A daily close below 2905 should check all the boxes for the bears. Everything is pretty much falling, it looks like could be just like March.
Fundamentals:
I don't like how the 10 year yield lost all the gains of the breakout. That 10 year is the number 1 indicator and its bearish. When yields go down it means that people are buying bonds (safety). Crude Oil down pulls down energy sector and financials. Breakdown on tech stocks. All the boxes are checked for a sell off.
We have the robin hood insanity with hertz, Nikola and Tesla. Where everyone piles into these bubbles.
Technicals:
I would like to see a breakdown below the uptrendline and the old neckline, close below 2905. We have sell signals on weekly charts. On the short term charts specifically 4 hr we have bullish divergences which could provide an objective shorting opportunity. Plenty of room on rsi. Stochastic rsi sell signal on daily/weekly. Wait for a good rally too short. A daily close below 2905 should check all the boxes for the bears. Everything is pretty much falling, it looks like could be just like March.
Fundamentals:
I don't like how the 10 year yield lost all the gains of the breakout. That 10 year is the number 1 indicator and its bearish. When yields go down it means that people are buying bonds (safety). Crude Oil down pulls down energy sector and financials. Breakdown on tech stocks. All the boxes are checked for a sell off.
We have the robin hood insanity with hertz, Nikola and Tesla. Where everyone piles into these bubbles.
Comment:
I would like to cover the long term picture on everything this week.
