Replies to post #31677 on S&P 500 & Nasdaq Analysis and Trends

[rayrohn]

FWIW ... the weekly SOX chart really looks bearish to me.



it is looking like jan put in a double top
and the raising trend line has been broke badly
this chart looks like it could test 350

big daily chart



this chart is more bullish but 412 needs to hold
right now I don't have much faith in todays red hammer

IMO if the super inflation fight'n fed don't stop raising interest rate the boys are going to sell sell sell sell
as Randolph Duke would say get back in there and sell sell sell .....

maybe if old Benny can raise interest rates enough he will stop the 1,306,313,812 Chinese from entering the 21 century..

FWIW