losing support after support. Lots of ppl say this could trigger big melt down due to the auto-correlation of the funds.
RSI broke down.
selling volume accelerates.
fund flows trend has definitely changed
etfdb.com
After failing to hold the H&S top (see $253, top of right shoulder) it re-visited the ATH and returned back to the $250-253 level. Earnings very soon.
We are looking at potential double top currently.
Violation of any of the 1stddev lines (~$240-260) should indicate what's next.
I'm fibonacci skeptic but this does not mean I don't experiment with them.
the .618 re-tracement and extension can be seen here pretty well and frankly, few more charts like that could make me a beleiver.
the extnesnion was drawn before the rally so there's no "curve fitting"
