Overbought with daily RSI at 69 and weekly at 73. Also forming a bearish raising wedge (broken orange TL and the pink TL). Looking for a pullback to 20 SMA at 34, which is also a confluence of support and resistance trendlines.
05/30/2025 Market Outlook (Consolidation)
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I read the 2 consecutive long lower shadow as bears failed twice so maybe
Monday …
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