Technicals
- Major Resistance
- Triple Top with lower highs
- Bearish engulfing candle
- Down to 618 retracement, possibly even full 100% retrace based on structure further on chart...
- Price looking to revert back to the 200 Week EMA
- All 3 other indicators signalling sells as well
Fundamentally
- Fed member Bullard suggests delaying December rate hike, first Fed member to publicly do so...
- Expected Hikes have been priced in with dollar strength over the course of 2018
- Numbers recently have been weak for major economic indicators
Enjoy...
- Major Resistance
- Triple Top with lower highs
- Bearish engulfing candle
- Down to 618 retracement, possibly even full 100% retrace based on structure further on chart...
- Price looking to revert back to the 200 Week EMA
- All 3 other indicators signalling sells as well
Fundamentally
- Fed member Bullard suggests delaying December rate hike, first Fed member to publicly do so...
- Expected Hikes have been priced in with dollar strength over the course of 2018
- Numbers recently have been weak for major economic indicators
Enjoy...