Macro Outlook

As you can see we have a rising wedge pattern forming on the daily time frame, A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. Now all patterns are subject to volatility but if we don't hold the bottom of the wedge as support, you can see what could happen, let us hope we get a nice bounce. Also on the KDJ Indicator, you can see where I highlighted with a circle that when we cross down on the MA we have a ways to go down. Cheers...ps the KDJ has custom settings.