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NASARAVI

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NASARAVI

Re: rimshot post# 110

Thursday, 08/16/2018 10:19:42 PM

Thursday, August 16, 2018 10:19:42 PM

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RIM - Aug 16 closing update

1. PMOAZNDX critical juncture if 34 crosses below 63 - bad

2. ADLINENDX below 19 ema and slope negative

3. MCOSC NDX and NAS below 0

4. MCSUMNDX below 5 ema

5. MCSUMNDX below July 5 level - is concern today at 485.80 July 5 at 517.17

6. NDX NYSE MCSUM showing lower low

Takeaway

NDX and NAS are weak are down trending

SPX and DOW are showing some divergences as they are trending up

Good point on PMO for Spy holding green line as resistance for weeks not good

Bifurcated market but all indices will need to realign and start down? Based on MCSUM
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