Retracement sell.This divergence was/is too much for the market.
As I showed you yesterday on Twitter, "Machines" don't care about divergences. But smarter Human should.
What is stretched is stretched. Market reached daily resistance ard 3100, and 4H has become extremely overbought.
Market has to retrace or consolidate a bit. Then we'll see if it finally builds the Head and Shoulders on the daily, or if it goes really bullish.
For the short term it is a sell... at least in small size.
Major key level is still a lot lower ard 3000+
What is stretched is stretched. Market reached daily resistance ard 3100, and 4H has become extremely overbought.
Market has to retrace or consolidate a bit. Then we'll see if it finally builds the Head and Shoulders on the daily, or if it goes really bullish.
For the short term it is a sell... at least in small size.
Major key level is still a lot lower ard 3000+
