ajtj99's Market Pulse

[Jerry Olson]

btw fwiw

a couple of chinks in the P&F armor this week, makes me take notice here.

we are very near a short term top and i am looking for a correction starting some time next week maybe mid week or a bit later right into op ex week.

the weekly Momentum has been positive for too long and is waning now. It always turns usually 6-7 weeks either way on the charts, well it's been positive for 10-11 weeks now and it's overdue for a change of trend.

1350 is the top of the 10 week trading band for the SPX too.

i suggest you do not chase stocks here and only buy pull backs...