Someone here shared this chart setup ten years ago. I can't remember his screen name, but he posted a lot and his avatar was of a toothless guy smoking a corncob pipe. Rodgerdodger! That was it.
I liked the chart a lot and set a version of it up in Stockcharts that I look at pretty much every day when I'm in the market.
Usually, I only give it a cursory glance. Yesterday, it appears to have signaled a major shift. We'll see. Nothing is ever certain. And the 52-week EMA is still rising, so there may be work to do to turn that down. But this is a red flag.
