Taking a look at the RSI we can see a bearish divergence showing signs of a reversal. However if this is not the point of reversal, it may happen in the near future when the 5th wave is completed. We will see a drop on the 5th wave to point A then another drop from point B to C to complete a larger wave 2. This should be a pivotal point , if 2 drops too hard all...
Looking at the RSI, there is a major bearish divergence , moreover it looks like a small head and shoulders is forming.
Considering that we have had a super long bull run I would be cautious about longing .
