looking at red and blue lines for support. red has priority. there could still be a challenge to purple, and under extraordinary conditions, the gold
line. those would be stone cold shorts. lots of technical damage done by the sell off at 3183. for the moment. missed it by that much, chief. i was expecting 3193. still a right translated cycle, unless the hourly rsi
can break that 50 rsi
level. daily still a bit of upward movement is possible, but getting toppy
. gradually hourly is establishing divergence in rsi
, but that was expected when prior peak hit near 80. cant bank on hourly divergence.
the pattern from 2990 could end up resolving into a parallel channel
to the orange/ gold
line. that would favor 3100.