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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90841)	3/21/2017 10:42:54 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 218723

My sense is that we're looking to flip some weekly PSARs on the major indices.. It's long overdue.. The question remains whether that will lead to consolidation, or further downside that targets the Monthly PSARs.. Those puppies are WAY lower... SPX monthly PSAR is around 2000 DIA is around 167.5 (16,750 Dow) COMP is 4827 IWM is 106 (10,600 RUT) IWM is the only index that currently reflects a descending Monthly MACD.. (which suggests it's being cannibalized to prop up the larger indices). Btw, BKX just flipped it's weekly PSAR to downtrend.. I can't pull up a monthly as it's too short a history for the index. Hawk