for the close of today also not reassuring for a case.
I would like to point out that there are some missing gaps, which is due to the fact that I am not subscribed to real-time data on TV. Rest assured this isn't the case with my brokes data.
- RSI – divergence between the two resistance zones. This is showing that momentum is starting to fail.
- StochRSI – In the overbought territory but I would wait for an exit of that to make plays less you get stopped out if the market rockets off to space.
- MACD (not shown) – Flashing across many timeframes up to 4 hours of a divergence. A crossover of the averages looks to be happening across the timeframes up to 4H and momentum is quickly fading.
There is a strong case for the continuation for the bull trend but the technicals are something to keep an eye on over the coming days. Many divergences as we hit the same twice and got rejected from it. Oil will be the news to watch tomorrow right after open, so be mindful of that before making any entries. The energy market could drive us higher. Wait for a break of the trend for confirmation.
Stay safe and remember to wash your hands and don't touch your face!
Good trading and much love!
These are crazy times to be in the stock market that is for sure. Happy trading!