Pauley
Please find some charts on the bigger picture
a) SPX Daily show the obvious trend line and bounce to the 50% retracement. Stoch and volume on chart, also shows support at 1226/7 - there was a bounce off 1235 in the move in 2008 so it could also be an important milestone.
b) DJI Weekly shows an obvious and contracting configuration with the stochastic looking down. NB the stochastic can stay up for some time so by itself is not significant but if the price breaks to lower line then watch out below.
c) Three bellweather stocks that I follow
Fedexpress - weekly
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |