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

To: rcksinc who wrote (108609)	7/24/2018 2:09:59 PM
From: GROUND ZERO™	Respond to of 222447

Summer doldrums??? That's so 20th century... I think, anyhow... Yes, the SP, everything, looks like a blow off top here, I really don't want to say that but I already did... likely not the BIG top, but certainly something took this market mid morning and shifted the ground under it... it's very likely Machaon's post about Donald's wanting to support the farmers during the trade war that's taking these markets down some... The worst chart pattern is the RUT, a completed weekly 3 week sell wiggle if it remains at current levels or lower by Friday's close... but since most wiggle patterns never complete, it's probably a great buy right here, but I'm not buying... I'm staying short until it's no longer a good short... taking out today's high would stop me out of that short for both the RUT and the $SOX... GZ