After faking out from the Megaphone as H&S, price got rejected below the neckline but somehow 8694.68 coincide with Christmas Mood.
The second day after Mdm Y reassured interest rate remains the same (plus a blackmailed from Mr. Market), price closed just a fraction above the Neckline!
Well, the immediate resistance (whether it is strong enough) will be the upper...
If the current downtrend channel can hold up the price well, then you know what to expect, ain't ya!
1st scenario: next bar will even pierce through channel top and challenge R1. If this is the case, MACD & RSI are continuing to make lower high which resulting in more bearishness. Price might stall between Pivot & Resistance 1 for awhile before making a...
As the Bollinger band is set at 20,2, hence 1st 20 column of data doesn't have the band.
We might be seeing Transportation index shooting to 9000, all time High!!!
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...
