hard sell and downtrend signal right now, RVI drop leading indication for more drop , more divergence the better. RVI called the June 4th support cross fakeout but is under now meaning an support break will likely lead to a stronger downtrend.
cross with plenty of downward space.
looking for a trend change. cross under.
DMI+ cross under .
Overall market still soft buy (TRIN).
Looks like the gap up saved the day!
The market's fate however is sealed.