chart

This chart shows the trend is now rolling over
you can see the compression in the long term moving averages has been getting tighter each time or "losing its spring" (1,2,3,)and now have completely reversed in area 4, the resulting highs from these compression areas have also been diverging from the corresponding highs on the MACD showing that the internals of each bounce were weaker than the last.(enter the packers and stackers).

it looked as though it would regain momentum at the last 62% support @3.3, but its evident now that the heavy sell down has done lasting damage to the long term trend.imo.

Thats not to say it will now collapse, but more likely will move sideways until it builds genuine internal strength.


Im all out as of this morning.

good luck to all.