Here is the closer view of the slowing momentum of the market. We are patiently waiting for the break of the lower black channel... we're getting close! Looks like we're in the 5th of the 5th of C of B up since Dec 24 low
We've finally tapped 279 on the daily good buddy. We tapped this level +-1pt two times with the bat since November(with two full swings at it). Will the 3rd swing be a home run for the bulls or a strike out(my money). If we get some more tariff talk, it may spike higher as Trump keeps kicking the "disagreement can" down the road. Yet, there is a lot of unsettling news(global and local) the market is ignoring. We'll see.
not-abot
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Creeping up on 279. Coincides with the red line "rev limiter". I'm bearish but I don't care if your bullish or bearish, one thing is obvious: we're due a correction. Thanks for the analysis mate!