dsorchestra90
Short

NYA/NYSE Short- Many Divergences

INDEX:NYA   NYSE Composite
Bearish MACD Crossover
RSI Rolling Over
Stochastic Topping Out
CCI Charging Lower

Break of the 2009             trend-line paints a clear picture. The market is going to head south in a big way in the not too distant future. A break of the ~10,400 or so line will confirm.
That's a great macd rollover on the 12-26-9. Very nice. Lots of divergences. It's a Fed engineered, low volatility climb to get this dead economy out of the doldrums... but the Fed's schemes aren't working. I look forward to your updates.
+1 Reply
Thanks! I concur with everything you said. I have a feeling this may take a little while to develop, but the chart looks super top heavy & exhausted.
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looks like this has unfolded, and has spread to the spy
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