Short term: Bearish engulfing and false break are not good signs for Bulls..!
Intermediate: SMA 50 slope has just entered negative territory..!
Long term: COVID cases soar like never before and very tough days are coming because of the election parties everywhere..! Another lockdown phase could happen soon! The Pfizer vaccine could immune 600-650 million by the end of 2021..! Let’s hope it could induce immunity against new mutations which could be resistant to antibodies like the new mutation found in minks in Denmark..!
I hope I’m wrong, but it seems market is getting ready for another correction!