Without a doubt, we're heading down. The question is how far down?
I've taken the liberty of identifying divergences that indicated (and will indicate) a change in trend using RSI and Composite Index. My best bet is that it's going down to $7500 since this has been an excellent support/resistance level before.
I've also highlighted Fibonacci retracement levels that may be of interest. Bottom line is we're going down.
I've taken the liberty of identifying divergences that indicated (and will indicate) a change in trend using RSI and Composite Index. My best bet is that it's going down to $7500 since this has been an excellent support/resistance level before.
I've also highlighted Fibonacci retracement levels that may be of interest. Bottom line is we're going down.