2 replies to this topic

[Mr Dev]

since i showed this chart recently on a sell signal days ago i thought an Update was in order.

you can see the not so CHOPPY BPSPX chart has been uncharacteristically choppy recently .

with the previous sell signal from June 25th turning to a buy signal July 1st and..
the more recent sell signal from July 10th turning to a buy signal on July 14th.

obviously not until this moves back to a sell signal would it suggest bearishness for the SPX.

enjoy

Edited by Mr Dev, 16 July 2014 - 11:32 PM.

[Mr Dev]

also adding an update to the Namo Cumu chart i posted last week, and like the other posted ..here remain bearish with a
negative crossover ...which remains on a sell signal .

Edited by Mr Dev, 17 July 2014 - 01:30 AM.

[Mr Dev]

the RUT and the XAU are trading very technical in nature to the sell side. the INDU SPX and NDX have not given in yet to the internal indicators linked above. as we've seen in the past strong price advances for the indexes are what is needed to turn the internals around and from becoming more negative. for now there is a battle with the Stronger Indexes to resist those negative internals. im still watching the XAU which has been strong is still on a daily sell signal ...although at weekly support and remains on a weekly buy cross. no doubt more fun trading both ways in Nugt and Dust. the RUT (as the weakest index) is also still on a multiday/multiweek sell signal and unless it turns up soon could be in for some real trouble as the RUT weekly 50 Ma is down at 1113 the RUT has already broke below its daily 50 Ma by 10 points.

Edited by Mr Dev, 17 July 2014 - 01:42 AM.