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.
09/04/2026 Market Outlook (Down Price Channel)
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The pullback today made the down price channel (dashed blue line) 51%
possible. A down …
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