Strategy based on Price Action. Market has lose their momentum after create higher high in history and also complete Quasimodo pattern (right shoulder).
The price was more likely same when financial crisis 2007-2008 after create higher high and RSI indicates level of 75 when the trend reversal start and it was confirm by passing down level of 50.
Now the price was at level 75 and will retest minor support at 2273.7-2133.8 and predicting at level 50. If the price break the minor support at 2133.8 it will goes down to major support at 1574.1..
The price was more likely same when financial crisis 2007-2008 after create higher high and RSI indicates level of 75 when the trend reversal start and it was confirm by passing down level of 50.
Now the price was at level 75 and will retest minor support at 2273.7-2133.8 and predicting at level 50. If the price break the minor support at 2133.8 it will goes down to major support at 1574.1..
Comment:
Stocks slump after key part of yield curve inverts for first time since 2007. We looking for a second trigger in couple of months..Stay tuned ;)