https://chartfreak.com/wp-content/uploads/sites/18/2015/06/Enst.jpg 531 764 Alex - Chart Freak https://www.chartfreak.com/wp-content/uploads/sites/18/2019/11/Chart-Freak-site-logo.png Alex - Chart Freak2015-06-30 13:25:222015-06-30 13:34:09Warning Signs
When things start to look a little "off", or maybe something just doesn't look quite right, it shouldn't be ignored. You may be seeing cracks in the armor and those cracks can, in due time, lead to further break down. Lets review some recent warning signs pointed out here.
In late May and early June we discussed the Dow Theory - warnings signs were present.
This was the JUNE 4th chart
We've also discussed the wedges in the various indexes...Read More
https://chartfreak.com/wp-content/uploads/sites/18/2015/06/MKTS.jpg 541 831 Alex - Chart Freak https://www.chartfreak.com/wp-content/uploads/sites/18/2019/11/Chart-Freak-site-logo.png Alex - Chart Freak2015-06-29 11:20:262015-06-29 11:36:03Weekend Report Bull Vs Bear
EDIT: This report was finished by Sunday late afternoon. When the futures opened, the Greece Crisis had taken a turn for the worse and the reaction was strong. Interestingly, most of the reaction is as expected in this report. I decided to wait until Monday morning 7 : 00 a.m. to release it to update as needed . Not much needs updating, since the expectations were downside anyways. Lets take a look at the charts/ report as written Sunday, and I will add new thoughts in blue if needed.
SPX WKLY - This week we still have the bearish wedge, and a wick on top could signal a drop
NASDAQ - several indicators are showing weakness on the weekly chart
EDIT: It has been announced that Greece will not open their Banks until after July 7th and their stock market is closed. ATM's will only allow 60 Euro withdrawls. Our futures are down as expected above, but knee jerk reactions do not always have strong follow through after the panic subsides. We will have to let the dust settle. Next is IWM, USD, OIL, NATGAS, Precious Metals, etc
https://chartfreak.com/wp-content/uploads/sites/18/2015/06/VOLATILE.jpg 504 809 Alex - Chart Freak https://www.chartfreak.com/wp-content/uploads/sites/18/2019/11/Chart-Freak-site-logo.png Alex - Chart Freak2015-06-25 12:59:322015-06-25 13:01:04VOL-A-TILITY