At the SPX 12/28/23 high both CCI and RSI had bearish divergence after traveling into the overbought zone. Wave “1” is equal in time to wave “5” and both waves are nearly equal in growth rate.
Also, sometimes markets can turn plus or minus two trading days from a full/new moon. There was a full moon on 12/27/23.
This is a tremendous amount of evidence that decline may have begun.
Happy New Year!
Also, sometimes markets can turn plus or minus two trading days from a full/new moon. There was a full moon on 12/27/23.
This is a tremendous amount of evidence that decline may have begun.
Happy New Year!
