As you can see on the chart, the 65 min RSI is experiencing some major divergence.
CMF is seeing its first negative pressure since we began the lows. Regardless of the fundamentals in play, i expect to see some sort of pullback and consolidation.
Make no mistake, this market is bullish as hell. However, all eyes will be on China + Q1 earnings which appear to be priced in.
Regardless of the outcome, I'm being cautious going forward and allocating funds at the levels on the chart. Feedback is always welcome. Feel free to share your thoughts.
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P.S. America will never be a socialist country.
CMF is seeing its first negative pressure since we began the lows. Regardless of the fundamentals in play, i expect to see some sort of pullback and consolidation.
Make no mistake, this market is bullish as hell. However, all eyes will be on China + Q1 earnings which appear to be priced in.
Regardless of the outcome, I'm being cautious going forward and allocating funds at the levels on the chart. Feedback is always welcome. Feel free to share your thoughts.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
P.S. America will never be a socialist country.