Whats important to note here is that in a bull market bearish signals will move bullishly. If this is a dead cat then we will certainly retrace where as if this is a true bull market we will see a leg up on this bearish signal slowly pumping through resistance. Its important to note that another leg up would still produce bearish divergence. I see many bearish signals that this is a set up by the whales and a bloody first day is around the corner. When I see bearish signals like what I have posted I take a step back and look at the charts. Shorting here could be epic. 10mill buy walls forcing the market up usually means its a set up and its going the opposite way. My advice is to take hedges up to 6500 and secure profits if in longs. I will be looking to enter large long or short positions only after this bearish divergence tells the story. Its also important to note we could retrace to 4200 and still be in a bull market.
This is for educational purposes only. What is about to happen is very valuable information long term. I make charts for fun and also for the purpose of organizing my thoughts. Best of luck and trade safe.
This is for educational purposes only. What is about to happen is very valuable information long term. I make charts for fun and also for the purpose of organizing my thoughts. Best of luck and trade safe.