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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (17192)	8/25/2015 11:29:29 PM
From: caliche	1 Recommendation Recommended By John Pitera Respond to of 33421

agree with this but im neither a hedgie or a billionaire

To: bull_dozer who wrote (17192)	8/26/2015 10:37:05 PM
From: John Pitera	Respond to of 33421

The 30 Year SPX monthly chart --- we definitely had some serious Momentum divergence on the RSI chart... some additional comments on the 20 year monthly below. (just as a side note is it not really wacky the way several of the talking heads on CNBC have been adding up the intraday swings of arbitrary time and % move and then making these statements how the DJIA has traveled 6000 points in the last 3 days etc.....) so far the SPX has not taken out the previous day's high. here is the 20 year Montly SPX chart..... 3 points..... for a number of months we have been failing to hit the upper BB band. We hare a very large Percentage distance above the 200 month Moving Average for a Market that has been showing RUT technical deterioration for 18 months. This market needs to get above the 1993 -- 2000 area and stay above it by months end...... and on the 14 month RSI the 5 month Moving Average of the 14 month RSI has just fallen bellow the 55 month Exponential Month MA.