- High triangle formation has failed to produce a breakout;
- Price has broken the MA20 to the downside;
- trend has turned negative;
- has turned negative.
This confirms my recent view that the main US Equity index has been overbought and ready for a consolidation.
Main levels from here:
UP - 2250 / 2260 / 2277.53
DOWN - 2237.57 / 2213.35 / 2195 / 2140