It's starting to look more and more like a sell here. The only bullish thing the market had going for itself was that bullflag structure that's now starting to look like a bear channel
Won't be long now , currently trading in a tight 1% range between support and resistance so be nimble if you like to 0dte.
MACD curling over here bearish
Dow can't breakout
NASDAQ/ IXIC rejected on 12000
TLT is bearish
TNX is bullish
DXY is flat
VIX - oversold on hourly
They are using a small select tech group to prop this up... we'll see how long that last.
Volume continues to be MIA. But thats the thing about volume, no needs to buy but you need sellers for it to drop.
We should have a breakdown by EOW..
Won't be long now , currently trading in a tight 1% range between support and resistance so be nimble if you like to 0dte.
MACD curling over here bearish
Dow can't breakout
NASDAQ/ IXIC rejected on 12000
TLT is bearish
TNX is bullish
DXY is flat
VIX - oversold on hourly
They are using a small select tech group to prop this up... we'll see how long that last.
Volume continues to be MIA. But thats the thing about volume, no needs to buy but you need sellers for it to drop.
We should have a breakdown by EOW..
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