CHARTS_CCI_SYSTEM

[DowDeva]

Glen, you see that how the action on your bottom two stochastics looks like a smile? Looks so perky and bullish, right? I have found that the pattern is usually followed by a decline, the magnitude of the decline is in perspective to the time frame.

I noticed that the pattern as a bearish one started concurring after the algos took over and distorted a lot of the the classic TA found in books like McGee's. It's pretty reliable and I have found it usually on indicators, not on price. And it occasionally seems to be even more bearish if the end of the 'smile' is higher than the beginning of it.

I finally have some bearish TA to support my bearish feeling, thanks.

https://stockcharts.com/h-sc/ui?s=%24NDX&p=D&yr=0&mn=7&dy=0&id=p04946055066&a=718133641