Tag: INDU

Topping Trendlines

I was saying in my last post on Monday that a retest of the high looked likely and we saw new all time highs on both SPX and NDX as expected. So what now? Well the best pattern on the board on Monday was the rising wedge on the Dow, and that is still looking...

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Tag: INDU

Thanksgiving Thoughts – Shorter Term

November is about to end and SPX is likely at the time of writing to do something not previously done in the last twenty five years, which is to close a long way above the monthly upper band, currently 3566 area, only three months above the last strong punch close above in August. What does...

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Tag: INDU

Possible H&S Forming Here

SPX didn't quite reach the 3290 bull scenario target area that I was talking about last week but made a respectable 3280 or so before rejecting back into a retest of the established support and possible H&S neckline in the 3200 area. The SPX hourly RSI 14 sell signal reached the possible near miss target...

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