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Testing the EMA20 for the 2nd time, seems failing again?
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Chart for the road: Momentum and all are pointing down, EIS candles are red. at this point "sell first ask question later" until the EIS candle changes its color for daily trend. good luck everyone. see you in few weeks. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Getting hard to deny the case for an ending diagonal and a truncated fifth wave.
I am sure there is something out there for the stages of recognition for victims. Google earnings call is the last chance to show that they haven't flushed hundreds of billions of dollars down the AI toilet. So far it is the standard bright shiny tech object story we have seen several times over the years. Not saying it isn't useful, but really, expecting it to be 1/3 of GDP.
The rebound has been weak, could be another leg down to test the day low.
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If we can get past the mid drop congestion from yesterday and Google sounds good and the market believes Warsh will cut rates hard then that new all time high is possible.
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