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According to my system there was an elevated risk of a turn yesterday and this Thursday the 19th. The risk window yesterday apparently was just the back end of the Friday the 13th risk window. The signal for this Thursday is half as strong as the one late last week, so it will be interesting to see if it amounts to much. So far the big risk window just closed hasn't had the severe effect that I was expecting given the number of risk turns involved, but that's probability for you.
If I squint my eyes looking into my cracked crystal ball, the Russell daily chart appears to be forming some sort of small double top. This would certainly fit well with the nasty risk window just closed. I guess the index's reaction to the smaller risk window this Thursday should clear this up.
309 Views · 3 Replies ( Last reply by Douglas )
218 Views · 2 Replies ( Last reply by da_cheif )
notice how the Asian markets continue to erode …….
how much more before the US follows ?
377 Views · 6 Replies ( Last reply by trioderob )
In fact, this could quickly become an IT sell if SPX closes below 2780 on a daily basis.
The real test of this market will be the resilience or lack of it in the NASDAQ and RUT.
A daily close above 2814 invalidates the sell and lead all the way to the record SPX high.
419 Views · 11 Replies ( Last reply by dTraderB )
I was going to look for a hard shot down today, but with so many conflicting signals, I suspect that we've we've seen is what we'll see.
I do wonder about a "dull market"...