There is a possible H&S Top forming on the daily chart for the December T-Note futures. This market has had a huge run up this past year and is due for a correction. Even if the H&S objective is met, the bull trend will still be intact so this could still be a good time to short this market for a quick profit. First, we got bearish divergence on the RSI. Prices made higher highs (Head) with RSI failing to do the same showing a slowing of momentum. Today also saw a close below the 10 and 20 EMA. We have some big news ahead of us tomorrow and Friday. Will this market finally see a correction? or will new highs be made again?
No comments:
Post a Comment