Silver via the SLV is extremely close to an ADX xo on the +DMI --- suggesting a pause, or more. ZSL similar but in reverse ( with hugh vol there)
Yes on the oomph... in short, "it is what it is"
I have learned not to even try to call top and bottoms any more... having said that, the SPY requires a lot of caution here (IMO), altho the Fed could still push it through the election.. IMO TA cannot specifically address manipulation of the market, thus the need to follow the trend, not anticipate it.
Thinking that if SPY fails again tomorrow, time to rethink. AAPL a key IMO, GE used to be, but maybe time is changing the paradigm. Thus, watch AAPL, GOOG, BIDU.....
FYI ..been seeing a bunch of REITs showing up in long scans. |
