Price is testing a major floor where the upward trendline and the 55 day average meet. Unlike the pullbacks in May and June where buyers stepped in quickly, buying energy has dropped significantly lower this time.
The momentum (TTM) bars have formed a lower high compared to the spring push. A full daily close below the 55 day (blue) line opens up a drop. How far? Hard to say. There is the the old price gap down as the bigger risk.
Small caps are holding their upward channel better and sitting on their 50 day average.
Even though RUT looks steadier, price pushed to new highs while momentum simply matched its previous peak instead of growing. If MID breaks down first, expect small caps to follow and test that lower channel line.
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
