Bearish or bullish?
The general trend for the market remains bullish.
The RSI is showing bearish divergence.
Indicators win over price action 9 times out of 10.
Look to the left on the RSI indicator.
You can see that the RSI has shown bearish divergence in 2017 and the general trend still remained bullish.
Conclusion: most likely to continue higher for the year
The general trend for the market remains bullish.
The RSI is showing bearish divergence.
Indicators win over price action 9 times out of 10.
Look to the left on the RSI indicator.
You can see that the RSI has shown bearish divergence in 2017 and the general trend still remained bullish.
Conclusion: most likely to continue higher for the year