These are 2 main items I am focused on:
During the entire prior bull run:
(1) We held support on the 100-Day SMA (+)
- We are currently flirting with breaking below, but holding right at the green moving average
(2) We help above an RSI (14) of ~54 (-)
-We have been below this level for 2 weeks now and raises a red flag to me. I would very much like us to get at/above 54
While this pattern is still in play, I see (1) as a positive, and (2) as a warning sign. We shall see
During the entire prior bull run:
(1) We held support on the 100-Day SMA (+)
- We are currently flirting with breaking below, but holding right at the green moving average
(2) We help above an RSI (14) of ~54 (-)
-We have been below this level for 2 weeks now and raises a red flag to me. I would very much like us to get at/above 54
While this pattern is still in play, I see (1) as a positive, and (2) as a warning sign. We shall see
