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MiamiTrader87

06/20/23 6:44 PM

#12088 RE: Zorro #12087

It’s coming. Few are paying attention to the weekly chart which is one of the things I overlooked after the last big drop. Weekly MACD cross to the downside around .08 was a big red flag. Chart needed to reset big and I had a feeling that it would take a while for it to reset with that downward cross end of February.

Now we are potentially a week (maybe 2 depending on price action this week) away from the upward cross. Trend change will come hopefully around same time as finra. Weekly MACD upward cross with weekly RSIs in low 40s…nice combo on the technical side if the catalysts can join in as well