Albeit circumspect, reaction at upper wedge-like trend-line on SPX and DJI + 61.8% large multi-week fib extension on SPX (to the tick!), while NDX did not break out, allows to keep last post' stance (R2K break above 2007 top and trend-line is of concern).
Updated charts below.
NDX Monthly
NDX Daily
SPX Monthly
SPX Daily
DJI Monthly
DJI Daily
R2K Monthly
R2K Daily
Thursday, January 31, 2013
Friday, January 18, 2013
Proportions for a possible important top
Dear Reader,
After a long communication breakdown, I resume posting today because I would like to share with you one potentially important finding of a review of markets after today's close.
My analysis suggests that today an important top might have been put in place across the 4 major US indices (Nasdaq100, S&P500, Dow Jones Industrial Average and Russell 2000).
This post could be lost among the millions attempts to predict a major turning point, but I felt it was worth sharing it this time.
Below I insert snapshots of what the markets look like to my eye tonight.
NDX Monthly
NDX Daily
SPX Monthly
SPX Daily
DJI Monthly
DJI Daily
R2K Monthly
R2K Daily
After a long communication breakdown, I resume posting today because I would like to share with you one potentially important finding of a review of markets after today's close.
My analysis suggests that today an important top might have been put in place across the 4 major US indices (Nasdaq100, S&P500, Dow Jones Industrial Average and Russell 2000).
This post could be lost among the millions attempts to predict a major turning point, but I felt it was worth sharing it this time.
Below I insert snapshots of what the markets look like to my eye tonight.
NDX Monthly
NDX Daily
SPX Monthly
SPX Daily
DJI Monthly
DJI Daily
R2K Monthly
R2K Daily
Subscribe to:
Posts (Atom)