Could we be in for a Breather for the markets? DOW Trans is this a head and shoulders pattern setting up here?
Is there a Double top forming on Crude on the weekly charts?
No matter which this is stay nimble as strong as markets have been it may be over as fast as it happens and off we go back up!
"super bull market !"
every day Bloomberg TV, CNBC, and god knows who is barking "ANOTHER ALL TIME HIGH" in this or that Index ...
"Stocks are still cheap historically given the current average P/E"
"compared to 10y Treasury yields , S&P div yld is more interesting"
WELL, I was told to buy the dip then... WHAT DIP ????
Ok, RSI is only at 79.6%, STILL GOT LEGS TO...
Watching the DOWT closely for signals when to buy sell overall market.
Pattern looks like a (somewhat close) Symmetrical Triangle that busted out a bit too early.
thepatternsite.com
DOW Transports has given us some incredible signals as to the overall market direction. Right now it's giving us a green light, but comformation would be reached if the DOWT can break the overhead ascending resistance (zoom out to verify).
However, we should be careful for what we wish for. There is very strong resistance near the 5600-5700 level. Several major...
The transports are close to breaking up, which would bode well for the overall market into year end. But you have to wait for a decisive breakout before getting too wildly bullish.
The analysis of Leading indicator for the global economy...
Index is at critical levels..
Break up or break down ..
Which one ??
I think we should focus on trade between US with China...
This weekend, Chinese export is announced higher than expectation
and GDP growth announced as expectation..
but yet not enogh for Chinese economy....
Market players wait more...
