Approaching oversold on the Daily

Almost every other time in the last 2.5 years, every time a 5th wave on the daily ended, the market dipped below the 200 SMA along with an RSI(14)<30 and a MACD deep dip below "0".

Today, always on the daily, we have an RSI(14)=30.71, a deep MACD dip & price < 200 SMA.

So far all is book perfect!

Of course, past performance do not guarantee future action, but nevertheless it is a time for CAUTION.

NEXT: After these dips, a new 5 wave structure developed raising the all time high even higher.


Let's see what happens this time: Need to wait here for more clarity