Today 7/25/17 the SPX and IXIC made all-time highs.
Momentum remains insanely bearish. NYSE 52- week highs today was 221 vs. 778 made on 12/9/16
Nasdaq 52- week highs today vs. 562 made on 12/8/16.
Today only 3 of the 9 S&P 500 sector funds made new highs
Intraday SPX patterns point to a potential top sometime around the FOMC announcement on 7/26/17.
If SPX turns down the extreme bearish momentum hints at SPX 2100 by late August 2017.
If this decline occurs it could be the first wave down of a multi year bear market.
The last SPX- Mother of all turns was on 3/6/09.
7/26/17 could be the next Mother of All Turns!!!
Mark
Momentum remains insanely bearish. NYSE 52- week highs today was 221 vs. 778 made on 12/9/16
Nasdaq 52- week highs today vs. 562 made on 12/8/16.
Today only 3 of the 9 S&P 500 sector funds made new highs
Intraday SPX patterns point to a potential top sometime around the FOMC announcement on 7/26/17.
If SPX turns down the extreme bearish momentum hints at SPX 2100 by late August 2017.
If this decline occurs it could be the first wave down of a multi year bear market.
The last SPX- Mother of all turns was on 3/6/09.
7/26/17 could be the next Mother of All Turns!!!
Mark
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.