xjo weekend zoomba lounge, page-48

Never good IMO when American markets split up instead of trending in unison.

DJI up 0.76% (96 points), while SPX treads water 0.07% up (0.88 points) and Nasdaq ditto 0.06% down (1.63 ponts).

Simultaneously, the greedy oil traders exited driving down crude $2.24 2.23% down, now below $100 ($98.15) so they sense peaking/peak.

The DJIA has now run out of slanting trendlines from previous peaks going back to THE high of 2007. And no more fib levels to hit upwards in its retrace from the lows.

The SPX topmost trendline from the 2007 high, through April 2011 high gets hit at 1327ish, so very very close.

Here's the DJIA. If---IF---the inverse head and shoulder plays out at some stage, the projected target is 13,200. But first, I would expect a pullback at any day now