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SPX - Yesterday in our comments and in other blogs I read where people were saying how this market can't pull back, nothing can drop it down, people were adding leverage, etc . That very thing happened at the various 'tops' before a big drop on other occasions, late in a daily cycle. Let me show you the DOW & THE NAZ.
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Alex - Chart Freak2017-10-19 11:54:412017-10-19 11:59:54Thursday October 19th
DOW JONES - No change here, just a bullish run up and off of the 50sma that seems like it'll never end, but they do. We are overdue for a dcl, so trailing stop and we'll see if we get that dip this week. The Dow hit 23,000 for the first time ever. When it hit 21,000 & 22,000 it dipped within 4 days.
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Alex - Chart Freak2017-10-18 11:18:042017-10-18 11:19:13Wednesday October 18Let's talk about the Miners. We were expecting them to be weak and struggle early on out of the recent dcl. Monday was interesting...
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Alex - Chart Freak2017-10-17 11:27:392017-10-17 11:27:39Oct 17th – No Bull About It
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