This is the second inside week for now...Weakness in the semi's wont help the NASDAQ
Daily support zone whitin large monthly support zon
The basic point is that a period of 150 months (12.5 years) shows up in lots of places as the time distance between several important turning points for stock prices. The price data in the chart this week is the log value of the monthly close of the DJIA. Using log scaling allows us to better see the turning points without the effect of arithmetic scaling...
The NASDAQ vs RUSSEL divergence needs to be solved next week as todays option ex might have skewed prices a bit. For a quality bull market all indices need to be aligned.
Overbought. Sell higher closes the coming 4 days
Sell if gap up tomorrow > 0.50% or sell every higher close the next 4 days
Resistance area after the Greek relief rally and option ex
New highs and if central bank pumping permits we could reach the weekly ABCD target area, if we get a false break out we know the drill....false moves cause fast moves....
More down side to be expected as oil price is putting in new lows, we are still in a large monthly support area