By Peter Stoneham — Sep 14 - 04:45 AM
Failure above both daily cloud and 100-day moving average Wed
Key day reversal signal: higher high, lower low and clse below previous low
Bearish confirmation Thurs needed to complete the signal
Opens below the cloud Thurs but range is tight
Fourteen day momentum remains positive but just off the zero line
We lean bearish and look for an opportunity to sell
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Source:
Refinitiv IFR Research/Market Commentary