In the box, note the 2 sideways moves. #1 broke to new highs. Box #2 however has broken BELOW the 20 EMA I am using and made 2 lower highs.....MACD is crossed, is this a "change IN charcter?"
Bears some observing and consideration, is just one view. 20 EMA IMHO when moving sideways is LESS supporting to uptrend,,,,retrace more likely if ones coming....we can see area if breaks out likely new highs, nothing more IT technically many are saying that gives worry.
Lots of prinitng has been allocated to bring us out of nose dive. Well, you can see results from MArch...5 months of POS LEI but I noted them declining in # and not big on the stock correlation.
US $ not doing much.....would FED RISK market dislocation WED in statement? boy you wouldn't think so...
D
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