looking like it could break down here, needs to close below the congested moving average area of 130, 40
, and then break the lower channel but look at the technicals... not often you get macd
giving the same signal at the exact same moment ( cos macd
is a lagging indicator)... but look at last time it happened together, both crossed up and market roofed, today we are getting the double cross down.
needs watching, and ideally a close below those moving averages could green light a decent drop