Great info and bookmarked! Here's a couple of interesting charts that I've posted before...these keep the uncertainty factor pretty high for me.
This first one is in the intro section and bears watching since we are near the end of the month. A close of the monthly below the 12-MA has been a negative and sometimes very bearish indicator. All downward moves begin with this type of monthly close.
Does the top trendline hold or is this the drop to the lower trendline? I think we will recover some but think a trip to 2400 - 2500 will happen in the near future.
This is your chart...the lower lows is a concern.
On the ETF side, I exited DFEN today for a big loss. As I heard Kramer just now a shift in the house and/or senate would put a lid on defense spending. Still holding regional banks ETF DPST at a really big negative but I believe a bottom was hit today. Watching and learning there. Contemplating next moves...
This first one is in the intro section and bears watching since we are near the end of the month. A close of the monthly below the 12-MA has been a negative and sometimes very bearish indicator. All downward moves begin with this type of monthly close.
Does the top trendline hold or is this the drop to the lower trendline? I think we will recover some but think a trip to 2400 - 2500 will happen in the near future.
This is your chart...the lower lows is a concern.
On the ETF side, I exited DFEN today for a big loss. As I heard Kramer just now a shift in the house and/or senate would put a lid on defense spending. Still holding regional banks ETF DPST at a really big negative but I believe a bottom was hit today. Watching and learning there. Contemplating next moves...
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