Here are the NDXA200R daily and weekly Gallery Charts
Here are the NYA50R daily and weekly Gallery Charts
Here are the NYA200R daily and weekly Gallery Charts
Despite the INDU crossing the 14,000 level intraday, note the breakdown in both the NYA50R and NYA200R below their 200 DMAs and 40 WMAs. In addition, the 50 DMA has crossed negatively below the 200 DMA on both the NYA50R and the NYA200R. The NYA50R:SPX and the NYA200R:SPX are both negative and wretched. The NYA50R has made a double top and the NYA200R has made consecutive lower tops illustrative of the continuing deteriorating infrastructure during the rally in the INDU to new all-time highs.
Cheers,
Bob-C
