US charts tell me a pullback should be/will be happening, but in the shorter term they are also showing reluctance to make it happen.
Take the DJIA.... stayed overbought for 2 months through September and October. Then dipped for 3 weeks in November.
In the slightly bigger picture.....perhaps that 3-week dip has satisfied the case for a pullback, though somewhat retrospectively.
Two months up, 3 weeks down....three months up again to February is not out of the question.
I'm not sticking fast to that scenario...just a possibility to consider.
expiration thursday, page-43
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Last
7,767.5 |
Change
7.900(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |