XJO - Bear Posts only (Factors which might cause the markets to fall), page-12218

Do you feel lucky punk?





The uptrends have broken. RSI and MACD are heading lower on daily and weekly. The tendency is for down but as mentioned earlier, there is a possibility of a test of the trend line before heading down.

They all seem to be sitting around areas of support / resistance and as mentioned is this to provide a bit of a hope that there willl be a bounce?

The same goes for some majors there too..




For me the surprise pullback was with AMZN... And we haven't finished the weekly chart as yet... so it might be a longer red bar..

BLK had a serious gap down.. Panic or justified? The major down volume were a few days ago.

JPM appearing stronger but weekly is starting to show it tipping over.

And BAC... which has been discussed before as having the largest exposure to bond losses.


Definitely a very positive market in the US. It may not be tonight, but weakness is building at present.