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Strategies & Market Trends : John Pitera's Market Laboratory

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From: Don Green8/10/2019 2:00:16 PM
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The good news is: The current decline is near its end.


The Negatives

New lows remained at threatening levels on both the NYSE and NASDAQ.
Hindenburg Omens were triggered on Monday, Wednesday and Friday last week when new highs and new lows both exceeded 2.8% of issues traded on the NYSE.

An interesting note; Hindenburg Omens were also triggered by the 10% trends (19 day EMA’s) of NYSE new highs and new lows every day last week.

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