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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (52445)6/14/2016 3:07:34 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 67754
 
Recent high on SP500, Russell 2000 and agriculture not being mirrored by the DOW which only touched the old high and DOW transports and COMPQ which actually made lower highs.

Ahead of the Fed meeting the SP500 and Russell 2000 actually are breaking down and confirming a new intermediate sell signal.

The market looks overbought and the recent highs in only a few indices shows a lack of breadth necessary to move the markets higher short term.