Breakdown in US ETF's!! Caution Long !!

21 ก.ย. 2023

🔴All four major index ETF's in US markets has broken down.
🔴ETF's trading below their 20 DEMA. RDX momentum score<5
🔴Higher volume on sell days & lower volumes when they rise
🔴Daily RSI about to break 40 mark and go lower and lower
🔴SuperTrend also indicating trend change & gave sell signal
🔴Indian markets may follow the suite and have broken 20000
🔴Exercise caution longs. #Nifty can test 19300/19000/18600

21 ก.ย. 2023

บันทึกช่วยจำ

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23 ก.ย. 2023

บันทึกช่วยจำ

All major US indices closed at lowest point of the week and below previous week low.

23 ก.ย. 2023

บันทึกช่วยจำ

High volume selling in ETF also indicate bears gaining momentum. Now it all depends on follow up price action. If indexes sustain below lows of this week then painful days ahead for the equity market.

Rising bond yield, USDINR and crude prices likely to have decent impact on global emerging markets. Effect may not be immediate but a time and price wise correction ahead when all markets have enjoyed a nice bull run with a run up towards their previous highs.