At the moment stocks don't seem to have the energy to breakdown from the longterm ascending channel. It is more probrable that we will see a double bottom and a bounce and a continuous to +5000$.
If the index breaks down from the ascending channel then a market wide disaster is waiting to happen.
If the index breaks down from the ascending channel then a market wide disaster is waiting to happen.
Comment:
LTF
Comment:
support and absorption at 4133, daily bullish divergence present.
