Another example of a bearish macd divergence that should play out. It's possible we see $50.41, which is the down TL, R2 and .764 fib ext.
Momentum not supporting price action. This could be consolidation, because macd already as strong as May levels, but PX was $62 there. Or, maybe about to rollover, which is in line with my ES direction.
I do NOT have a position in this, but a rollover could provide a secondary test to $28 Area..
Or continuation of upward trend will put pressure on equities as they decouple..
Momentum not supporting price action. This could be consolidation, because macd already as strong as May levels, but PX was $62 there. Or, maybe about to rollover, which is in line with my ES direction.
I do NOT have a position in this, but a rollover could provide a secondary test to $28 Area..
Or continuation of upward trend will put pressure on equities as they decouple..
