Worth watching, 'Market Update' videos by Ron Walker.
Part 1
Part 2
Part 3
Some observations:
- VIX bullish falling wedge - bearish for market.
- NASDAQ hitting 200day SMA.
- Reversal top pattern likely on markets (shooting star/hanging man)
- ROC momentum indicator has broken down.
- Very low volumes on S&P500, dwindling buyers at these prices.
- Bollingers constricted ready for large move.
- Cramer is very bullish (I think that says it all, lol)
Not from the videos, but US dollar index is also bumping against bottom of large ascending wedge.
Yes, I'm still generally bearish for now, and expecting a major turn here. Prove me wrong market, prove me wrong!
mayday friday, page-100
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,064.9 |
Change
65.600(0.82%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,999.3 | 8,065.6 | 7,999.3 |
| XJO (ASX) Chart |