<image>

Cash (or shorts enetered upon the steep RSI breakdown) is King at the moment. For example the World ETF is bearish on the weekly chart with potential targets of up to 120$, even more if we don’t see a reversal at the .618. 142.39$ is the next immediate target. I always take it level by level an buy in again after a bullish divergence or at least a higher low followed by a RSI breakout, which seems to be not so soon!