Please see my prior post Prelude to Stock Market Mini Crash- Part 1 for comparison.
Note that the March 2015 and 2017 corrections are very similar in both form and dates.
The early July 2015 and 2017 corrections ended almost on the same July date 7/8/15 and 7/6/17.
The subsequent rallies are very similar in form.
Momentum for IXIC is almost the same as in 2015.
The IXIC July high is unconfirmed by most US stock indices.
No Major national stock indices confirmed the IXIC July 2017 high.
IXIC 52-week highs in July 2017 is down drastically from the Maximum number recorded several months ago.
IXIC momentum in 2017 is very bearish just like in 2015.
If IXIC were to break below its March 2017 correction bottom and break below the 200 day SMA it could lead to a mini
crash of 15-17% bottoming in late August 2017.
Mark
Note that the March 2015 and 2017 corrections are very similar in both form and dates.
The early July 2015 and 2017 corrections ended almost on the same July date 7/8/15 and 7/6/17.
The subsequent rallies are very similar in form.
Momentum for IXIC is almost the same as in 2015.
The IXIC July high is unconfirmed by most US stock indices.
No Major national stock indices confirmed the IXIC July 2017 high.
IXIC 52-week highs in July 2017 is down drastically from the Maximum number recorded several months ago.
IXIC momentum in 2017 is very bearish just like in 2015.
If IXIC were to break below its March 2017 correction bottom and break below the 200 day SMA it could lead to a mini
crash of 15-17% bottoming in late August 2017.
Mark