The market is bouncing around key support & resistance levels but some of them are soon due to be broken. The squeeze momentum indicator is signaling a first bear run since the drop in February–March. Also, the money flow index indicates that the money is rapidly heading out of the market.
When combining technical analysis with the fundamentals of the economy I see it more than suitable for the market to see a major pushback.
When combining technical analysis with the fundamentals of the economy I see it more than suitable for the market to see a major pushback.
