Very short term the DJIA appears to be completing an - Triangle. *see the on the DJIA bar chart.
IMPORTANT! Watch the DJIA in the first five to ten minutes of trading on 6/19/17. If the DJIA is in the area of 21,400 there is a very high probability this could be a significant top.
Thanks for the information.
There could be a major SPX top in place at 2446. Evidence is not conclusive.
Watch 6/19/17 If the SPX can't exceed 2446 it would be more evidence of a top in place.
A break of NDX below 5533-5534 bottoms could be very bearish.
SPX 2446 was not a Fib target. When using long term Fib targets allow for leeway. SPX 2446 was within leeway for a major 6 year Fib target at 2454.10 which
was virtually hit today!!!
There's a two year Fib target at SPX 2459, any move up on 6/20/17 could be marginal.
Daily SPX wave count is complete.
There's many sentiment and momentum indicators that are bearish, most prominent is the NDX bearish divergence.
I will have more posts later in the week.
Get short stocks!
Get short stocks!!
Get short stocks!!!