Update on the indices. About 2 weeks back posted that the indices were setting up for major upside moves by mid/late October. Things still look ready for that move. Perhaps one more decent shakeout move perhaps not.
Starting to look like large cup/handle patterns...the handle taking the shape of falling wedges/triangles.
stockcharts.com[w,a]dhcayiay[dd][pb50!b200!b20!f][vc60][iub14!la12,26,9!lp14,3,3][J53361968,Y]&pref=G
stockcharts.com[w,a]dhcayiay[dc][pb50!b200!f][vc60][iub14!la12,26,9!lp14,3,3][J44106317,Y]&pref=G
stockcharts.com[w,a]dhcayiay[dc][pb50!b200!b20!f][vc60][iub14!la12,26,9!lp14,3,3][J51251157,Y]&pref=G
stockcharts.com[w,a]dhcayiay[dc][pb50!b200!b20!f][vc60][iub14!la12,26,9!lp14,3,3][J45782664,Y]&pref=G
Bullish continuation pattern taking shape in the transports here...took back 5 weeks of losses in the group with this week's up move. Bodes well for the market imo.
stockcharts.com[w,a]whcayiay[df][pb50!b200!f][vc60][ila12,26,9][J48745830,Y]&pref=G |
