So far, a big shout out @Blue_1Trades . He called that $HYG would be leading indicator of indexes and it is playing out with a triangle to perfection. Also, using the Mouth of Triangle = Anticipated Move, puts that drop filling the gap from April 2025 nicely. All that said, indexes could see substantial drop short term if this holds.
@Blue_1Trades Really? I am tracking the $HYG like you previously suggested and it looks like a perfect breakdown and backtest outside of the bottom. Doesn't that predict further downside unless it gets back inside range above 79.8?
@Blue_1Trades Thoughts on $ETHUSD or $ETHT? Seems like positive divergence to the upside on RSI and PPO indicators, but also stuck under declining 50DMA.
@Blue_1Trades The curious thing, however, is usually when the masses are on one side the market moves the opposite so while I agree, it seems to violate that rule