Good Saturday Morning Chart Fans!
We are back at support. My view is that support is an area, not an exact level.
We are back at support. My view is that support is an area, not an exact level.
DJIA. You might remember this channel I have been drawing since the spring. Some will look to that gap (red arrow). It's an area.
Transports.
Utes. Didn't hear anyone loving on them this week now that they are -10%.
SPX. Red lines are a general support area.
Naz.
IWM. The shock is smalls didn't lead us down.
QQQs
QQQJ
SOX. Arrow shows why really THICK lines should be used. As I note an 'area'.
Bank Index. Another shocker, banks weren't the weakest group.
IGV. Made a lower low vs June.
XLI
XLV. I am sad Barron's has drugs on the cover.
XLP
XME
XLE.
OIH.
GLD says what inflation?
ITB. Housing is so awful yet it can't even get to the June low.
Bondaleros. Yield on 10 yr.
McClellan Summation Index. Not at spring lows. Yet!
Insiders. Finally back down.
Citi Panic/Euphoria. You waited patiently and it has finally gotten to Panic.
Delta Market Indicator. Finally went to cash.
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