3 replies to this topic

[gannman]

we had a top at the solstice, 5 waves down and a 50 % bounce

 

 

to me it looks like we are heaing down to the 200 dma in the low 160's fwiw 

[tsharp]

There are definitely some canaries in the mine that are giving us a warning about things to come...

 

Small caps are starting to show negative divergence against momentum...

 

QQQ is in the same boat.

 

 

Link to chart:  https://postimg.cc/image/jxfuml91l/

 

 

Link to chart:  https://postimg.cc/image/4fscj77t5/

Edited by tsharp, 04 July 2018 - 08:17 AM.

[robo]

we had a top at the solstice, 5 waves down and a 50 % bounce

 

 

to me it looks like we are heaing down to the 200 dma in the low 160's fwiw 

Traders are currently getting whipsawed in this sector.... Some traders get Bullish after a seeing a long green tail on a daily chart,  but lately a long red one is seen the next day. Don't know when that will change and no need to guess. I don't know about moving down to the 200 MA Brother, but the QQQs need to get back above the 10 MA and soon in my opinion.

 

I remain MT flat stocks, but day-trading both ways...

 

Edited by robo, 04 July 2018 - 11:52 AM.

[dowdeva]

Almost back to bank Hindenburg omens the whole last week of June on the Naz. This omen was almost infallible in 2017.