Good Saturday Morning Chart Fans!
Once again the charts haven't changed that much in a week. The bulls were rattled a bit and the bears were rattled as well.
There are plenty of intersecting support lines below. Those are what I'd focus on: do they hold?
Once again the charts haven't changed that much in a week. The bulls were rattled a bit and the bears were rattled as well.
There are plenty of intersecting support lines below. Those are what I'd focus on: do they hold?
DJIA
Transports.
Utes. Getting interesting again.
SPX
Naz
IWM
QQQ
QQQJ. Doesn't trade much but the chart led on the way down and back up so I watch it.
SOX
Bank Index.
XLI. A big focus of mine.
IGV
ITB. October=scary homies (rally almost 50%). Arrow=homies are awesome (down almost 8%)
XBI.
XLB. It's a good line IMHO. Lotta touches, not too steep.
XLV. That channel.
XLP. Still drawing that h/s bottom in cuz still possible.
XLE. A flesh wound. Break the blue line and more than that.
OIH. 310 hangs on. For now.
EEM.
GLD
XME
Bondaleros. Yield on 10 yr.
DXY.
McClellan Summation Index. Heading down.
Insiders.
Citi Panic/Euphoria
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