Market View 20230818

Yesterday, we closed below the 44000 level, and today there may be an attempt to close the week above it. But when we look closer at a lower time frame, we see this:

The trendline is intact, and we're closing hugging it...

3:00 PM

Even during the day, hugging the trendline. It's almost as if a slow decline is planned. To suck in all the CE writers, before popping.