shows this has been pretty overbought, and is now slowly turning around into which I believe buyers are now selling for profits. Over the last several days, though many bulls continue to claim this will reach 220, I have yet to see price break over the high a few days ago, and it continues on its side ways range between 216-217. Ichimoku clouds
can generally be a good indicator as you now see the conversion line is wanting to curl, and if it touches the baseline, this should be a clear indicator that it is in full reversal. I believe it will find support in the 209-210 area, and anything below this, we will see a larger drop in price for potential bear
market. With elections coming up, it is very hard to say which way the market will sway, but if it breaks the previous highs and goes past 218, we will most likely see 220. Also, the butterfly pattern
may be another indicator that this is due for a reversal.