After breaking the upper trendline, a major correction was in order. Lower trendline caught and bounced. Are we done? The lower trendline needs to be tested, if it doesn't hold 50 MA and EMA are close and should offer potential support.
With a fundamental change in the market, moving away from growth toward value, I'm not a fan atm.
Happy trading!
With a fundamental change in the market, moving away from growth toward value, I'm not a fan atm.
Happy trading!