___
Markets are spewing chunks and what was supposed to be the best month of the year, laid a big fat goose egg for many of the indexes.
___
AGG
Ouch! Suffering the single largest O-column this year, AGG has met its bearish price objective. At this juncture, I won't venture to guess where the bottom is, but I will watch for a recapture of the 111.03 or 50% of the recent decline.
___
SPX
Flipping back over to bearish (for like the gazillionth time) SPX now has a 2038 price objective. But before we get there, we do have a spread double bottom to test at 2075, a double at 2048 and a triple at 2043.Remember, on this chart each box is worth .25%
___
W4500 arrow
Small caps have not performed well this month, I consider that a huge warning sign and the recent column of Os is a serious breach of price action, eclipsing the previous 6 Os.
___
Transports
Transports went bearish too, with a substantial -6.08% or 8172.67 price objective (tentative)
___
NASDAQ 100
Last index to holdout, but has flashed a High Pole Warning where the recent column of Os have overtaken more than half of the previous column of Xs.
Not much to say, I believe the price action speaks for itself…choppy, mixed & manic
Trade safe…Jason
Markets are spewing chunks and what was supposed to be the best month of the year, laid a big fat goose egg for many of the indexes.
___
AGG
Ouch! Suffering the single largest O-column this year, AGG has met its bearish price objective. At this juncture, I won't venture to guess where the bottom is, but I will watch for a recapture of the 111.03 or 50% of the recent decline.
___
SPX
Flipping back over to bearish (for like the gazillionth time) SPX now has a 2038 price objective. But before we get there, we do have a spread double bottom to test at 2075, a double at 2048 and a triple at 2043.Remember, on this chart each box is worth .25%
___
W4500 arrow
Small caps have not performed well this month, I consider that a huge warning sign and the recent column of Os is a serious breach of price action, eclipsing the previous 6 Os.
___
Transports
Transports went bearish too, with a substantial -6.08% or 8172.67 price objective (tentative)
___
NASDAQ 100
Last index to holdout, but has flashed a High Pole Warning where the recent column of Os have overtaken more than half of the previous column of Xs.
Not much to say, I believe the price action speaks for itself…choppy, mixed & manic
Trade safe…Jason
