We just trapped the shorts stops above the last top at 4200 to take liquidity and get the shorts off the train before getting rejected below, or just the continue the Daily uptrend!
Several bearish divergences confirmed in the past with price versus volume.
Only once in July we had rising volumes, the price continued to push higher to reach the level on which we are.
The question I ask myself:
This time we will have a come back of buyers confirmed by large bullish volume peaks? or the confirmation of a 7th bearish divergence?
Key level 4200 to watch the Daily close!!!
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