Beat The Clock

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Today at 2 P.M. Eastern time, we get the release of the Fed Minutes. Today could amount to a lot of  "Hurry up and do nothing!"  until then. Lets review and see where the markets currently stand.

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SPX- yesterday I showed this break out, it looked bullish short term, but I noted that it looked weak internally

SOX 8-17

SPX - Price dropped back inside yesterday

SPX 8-18

How did the other markets fair?

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QUICK POST

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Wanted to mention before the close...

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Turning Points

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I've been seeing differences between my long term view and my short term view for the markets. This could be indicating that we are seeing turning points. Lets discuss why that could be.

SPX -  I've been seeing this longer term. It looks like the markets are acting rather toppy.  Monthly charts are now showing weakness quite clearly as well.

SPX WKLY 8-14

Now looking at things from an even  longer term view...

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