https://chartfreak.com/wp-content/uploads/sites/18/2019/08/Happy.jpg 658 664 Alex - Chart Freak https://chartfreak.com/wp-content/uploads/sites/6/2013/04/black_logo.png Alex - Chart Freak2019-08-06 10:44:302019-08-06 10:44:30Tuesday August 6th -
There were many smiling faces on Monday when Gold, Silver, and the Miners took off again ( maybe only until they looked at their IRA, though). On Monday, the SPX, DOW, and NASDAQ took a dive. The DOW was down almost 1000 points at one point, The NASDAQ was almost down 350 at one point, and the 50 sma, which I though might at least hold as a short term support, was sliced through rather easily..
The first 2 charts below are from this past weekends report, highlighting internal weakness, and then we'll cover the markets with a special section about the Miners..
SPX WEEKLY – This chart is a sign of weakness at the top. The Markets dropped Post Fed and remained near the lows Friday, the Miners recovered. This may be the start of the big picture trend going forward for the end of 2019. Markets lower / Miners higher.
NASDAQ WEEKLY – The NASDAQ has the same weakness showing up now.Read More
https://chartfreak.com/wp-content/uploads/sites/18/2019/08/windy.jpg 706 884 Alex - Chart Freak https://chartfreak.com/wp-content/uploads/sites/6/2013/04/black_logo.png Alex - Chart Freak2019-08-02 11:10:362019-08-02 11:18:49Friday - How Will We Get There?