Smackdown

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This would be a pretty good way for a 3rd wave decline to start:

Prophet.net

See how the 30-min RSI called both the ramp off Monday’s low and the turn down yesterday? We’ve got a nice channel line break, too, and RSI has plenty of room to run today.

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One thought on “Smackdown”

  1. it looks like the major trend has been broken, given that the 1090-1091 resistance has been broken on the downside.
    If this were to be validated, the bear would be a good position to make a blood bath of the bulls…

    Reply ↓

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