No. of Recommendations: 1
The pullback to ~4p has now occurred. RSI is ~38, the sp's tracking the bottom of the Bollinger Band, and MACD has strong downwards divergence - this all on the Daily.

On the Weekly it's a bit different with MACD still pointing upwards and not negative crossing divergence yet, with RSI @ ~45 and the sp on the 50 day MA.

I favour a continuation to the downside to the RSI 30 signal line on the daily & weekly.
Print the post  

Announcements