Right shoulder, right straight punch.
Notice how easily we erase 2-3 days rally in one day. And this time we successfully closed below both the 10 EMA and 20 EMA.
And we couldn't run to new highs. Just as I marked in the RATEvolution post : the left shoulder's and the head's trend is much steeper than the right shoulder's trend. It means to me an "increase of suffering". It doesn't look to me wants to pop higher....
I don't know if there will be rate hike or not but this rally still looks weak to me.
(The rate hike is might baked into the cake or some players might know there is no hike on Wednesday)
Indicators
TSI is close to cross over, MACD is just crossing over, RSI heading to oversold.
We bounced fro the 50 EMA on Friday. I think the key is the break below the 50 EMA.
I'm looking forward to see the breakdown of the H&S pattern and tag of the 200 SMA in the following 2 weeks.
Notice how easily we erase 2-3 days rally in one day. And this time we successfully closed below both the 10 EMA and 20 EMA.
And we couldn't run to new highs. Just as I marked in the RATEvolution post : the left shoulder's and the head's trend is much steeper than the right shoulder's trend. It means to me an "increase of suffering". It doesn't look to me wants to pop higher....
I don't know if there will be rate hike or not but this rally still looks weak to me.
(The rate hike is might baked into the cake or some players might know there is no hike on Wednesday)
Indicators
TSI is close to cross over, MACD is just crossing over, RSI heading to oversold.
We bounced fro the 50 EMA on Friday. I think the key is the break below the 50 EMA.
I'm looking forward to see the breakdown of the H&S pattern and tag of the 200 SMA in the following 2 weeks.
Comment:
Knockout.
