The Market is at a Crossroads. The Bull Rally has been fueled by a Weaker Dollar in the last 5 months. The Dollar now is up and the market is backing off. How long? Who knows?
2 Day, 10 min. - Oct. 30 - Moving Average and MACD Crossovers signal change in direction in market.
20 Day, 2 Hour - Oct. 30 - Intermediate chart shows Moving Average Crossovers coinciding with MACD Crossovers. RSI and CCI topped out as well. The lower support line in the Channel has been breached. This portends further decline this coming week.
1 Year, Weekly - Oct. 30 - Longer Term the Trend is still Bullish. This may remain so but shorter term call for more defensive action by the Bulls. Bears should be happy.
The Market is at a Crossroads. The Bull Rally has been fueled by a Weaker Dollar in the last 5 months. The Dollar now is up and the market is backing off. How long? Who knows?
2 Day, 10 min. - Oct. 30 - Moving Average and MACD Crossovers signal change in direction in market.
20 Day, 2 Hour - Oct. 30 - Intermediate chart shows Moving Average Crossovers coinciding with MACD Crossovers. RSI and CCI topped out as well. The lower support line in the Channel has been breached. This portends further decline this coming week.
1 Year, Weekly - Oct. 30 - Longer Term the Trend is still Bullish. This may remain so but shorter term call for more defensive action by the Bulls. Bears should be happy.
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