Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: Johnny Canuck who wrote (52916)	5/11/2020 5:54:23 PM
From: Johnny Canuck	1 Recommendation Read Replies (1) of 68077

Only the COMPQ continues to advance. Every other index is in a wait and see mode. Such a narrow advance is problematic as interest needs to shift into other sectors as the COMPQ becomes overbought otherwise that increase in the index will be limited and any pull back will have severe spill over effects in other other indices. COMPQ also just filled a gap today so I expect a bit of modest profit taking in the next day or so,

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