....I don't want to be the only bear that won't get on the bus and leave the picnic grounds....but...looking at some yankee charts we have...
SPX
1. butted major trendline last night
2. didn't close above Jan high (yearly high) 944
3. has broken and held 200dma (nice) but I'm seeing potential divergence on daily rsi
basically got to major resistances...but potentially tired
NDAQ
has hit Oct highs and 38% retrace of entire bear market and
again there is potential divergences on rsi and macd
DOW
has broken the major trendline, no divergences, quite bullish ....but not broken 200dma 8765....and I'm not sure what the calc would have been without rejigging the makeup last night....looking for advice on that one
...not standing in front of the bus....but not getting on yet either
....I don't want to be the only bear that won't get on the bus...
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