The leader of the market seems to be telling us something here.
What is noticeable on this chart below is that every time we go down to 50 period moving average, we seem to bounce nicely off there so we will see if the bears can get us back down there in the next week or so.
The money waves indicator right now is on a sell signal, and that means there could be lower prices coming, which again is another contributing factor or evidence that the bears could do a bit of damage here in the short term.
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