the non-confirmations with the indicators I track together with has too been reflected inwards recent indicator readings, which I discover via Twitter (follow here) prior to each marketplace position open: to a greater extent than novel 20-day lows than highs; Supply exceeding Demand; less than 50% of stocks trading inwards a higher house their 20-day moving averages, etc.
We should rest below the early on June arrive at to sustain the downtrend. I'll endure tracking intraday thought together with intermarket themes (strong dollar, weak commodities) via the tweets to run into if nosotros tin sustain the downside.
8:23 AM CT - In the summit Market Delta chart, nosotros run into that we're edifice value at the depression destination of yesterday's trading range, equally in-line inflation numbers at 7:30 AM CT could non sustain a motion to the upper destination of the overnight range. With credence of lower value, nosotros come about on the short-term downtrend intact, with short-term resistance at 908/909.
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