Yes, that is the chart issue at hand. Soooo overdue.
As long as price remains stuck under these fast ma's scalping continues advisable IMO. If/when the paradigm shifts it will confirm in multiple charts. Too many still believe the emperor has no clothes and the emperor's flunkies continue spew lies. At my age being a tad late is far less important than accumulating equity with the smallest risk.
Perhaps this chart action continues the charade and perhaps it turns into at least a temporary bottom. Just me, but I am not willing to go all in on either outcome yet. When I see Hourly resistance levels being taken out and confirmed as support with a significant change in the Daily then the longer view can gain some conviction on my part.
At present, the powers that be are so invested in the current methods that they are boxed in to such a point that they may play it out to collapse in the worst case or at a minimum severe economic consequences. The level of social unrest in either scenario is not yet confirmed, but the seeds are sprouting throughout the country.
All IMO only. Wish everyone here success, health and safety.
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