Saturday, September 27, 2014 8:41:47 PM
Here the chart to watch. IMHO. Long term support...
chart 3 shows the S&P MidCap 400 with a potential double top brewing. The index reversed near the summer high and pulled back with what looks like a falling flag in mid September. Instead of breaking out, the flag continued to fall and the decline accelerated this week. The double top is as yet unconfirmed and it would take a break below the early August low to confirm this bearish reversal pattern. The trend remains up until confirmation. The indicator window shows Net New Highs moving to their most negative since June 2012 and breaking the -3% level. This indicator remains bearish until a move above +3%. The middle window shows the AD Line in an uptrend still and support is marked with the early August low. The bottom window shows the S&P MidCap 400 underperforming the S&P 1500 in September as the $MID:$SPSUPX ratio fell sharply.
chart 3 shows the S&P MidCap 400 with a potential double top brewing. The index reversed near the summer high and pulled back with what looks like a falling flag in mid September. Instead of breaking out, the flag continued to fall and the decline accelerated this week. The double top is as yet unconfirmed and it would take a break below the early August low to confirm this bearish reversal pattern. The trend remains up until confirmation. The indicator window shows Net New Highs moving to their most negative since June 2012 and breaking the -3% level. This indicator remains bearish until a move above +3%. The middle window shows the AD Line in an uptrend still and support is marked with the early August low. The bottom window shows the S&P MidCap 400 underperforming the S&P 1500 in September as the $MID:$SPSUPX ratio fell sharply.
TRADING TNA AND TZA
http://investorshub.advfn.com/TRADING-TNA-AND-TZA-12981/
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