I've had a big line drawn at that 850 area for awhile now...Of all the indicies, the Russell has the greatest number of vulnerable stocks (pharma, oil, credit constrained, etc)
Spot the Bear. Weekly chart analysis of S&P500
- Thread starter romik
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I've got to say...I'm not sure that I've ever seen the patterns that we've got going on in the ES daily...
Well IWM (Russell 2000) has now tagged the top line of the channel after rallying 19.5%, will it stop here?
As expected 5k tag is here, 3rd lower top or breakout? Time will tell.
If markets don't sell off and 3rd top fails, then big uptrend ought to take place.
The "cycle guys" have the second week of June pegged as a big low for the year...
Any link?
3rd lower top, it's likely to crash now.
Seems to have "inverted"...Anyhow, just looked at the NYA (Composite Index), some might find it interesting to look at:
That's NOW !! So time to buy ?
If Brexit is not passed, this market will soar.....at least temporarily.
There are so many headwinds....consumer confidence, retail sales, Chinese economy, price of copper, US job market, negative interest rates...
They just keep coming.
I love the one comment on CNBC today: "This market is whistling past the graveyard".
Indeed, it is remarkable how well it's holding up.