Wednesday, October 26, 2016

Least Expected would Trigger DOW's Direction Soon Enough!

After Consolidation!

The #DOW recovery from a lower opening in the US session is back on the saddle @18217 to this writing with the #DXY making minor adjustments along with Oil prices. More importantly is the fact that these incremental net changes in both up & down swings is part of the overall consolidation pattern.

This has been our stand for quite sometime, as the extended consolidation is defined. The market conditions are ripe for a break and even a not too surprising rally for the DOW from the consolidation soon enough. But not necessarily described as forming the 'Golden Cross in the SP500 best described as the 50 DMA have crossed the 200 DMA that provides the signal.'

What this all means is that the market is simply waiting on two aspect components that would trigger the market direction. Once its made, expect the first signal to come from the least expected market indices.

Cloud Chart Overlay
Posted by at
Labels: , , , , ,

2 comments:

  1. UnknownNovember 7, 2016 at 8:59 AM

    A Consolidation, a Selloff and NOW back to the main TREND DIRECTION. MARKET call OCT 26 and finally the PRICE ACTION when least expected.

    Where secular forces may have taken advantage of the market selloff to shake-out main street market investors to the side-line

    ReplyDelete
  2. UnknownNovember 10, 2016 at 1:56 AM

    Two (2) weeks in the making was not too bad at all. The follow through came with the recent high above 18600, after the Dow made a round trip turn of 2k point from its range along with the SP500. And this took effect well within 2 trading days of market volatility.

    ReplyDelete

Subscribe to: Post Comments (Atom)