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

To: SGJ who wrote (108862)	7/28/2018 3:23:53 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 218584

That's for the entire NYSE Put/Call ratio... the weekly signal shifted from a buy to a sell for the first time since February 2, 2018... this ratio isn't for any other specific market, just the general market, I would say the DOW and SP primarily... But, I think if we look at the $SOX we can get some clue about the future direction for the QQQ... the $SOX is leading the way and that market has already used up its 7 market days since its recent buy wiggle... so, it could continue lower from here, the upward momentum is all but evaporated... We did get a completed weekly 3 week sell wiggle fur the RUT... and the SP is clearly overextended to the upside right now... I don't know how the tech group could divorce itself from the rest of the market for very long... Here's the SP weekly chart... just about every time the week's trading range moved above the upper Keltner band we saw a few weeks of selling to regroup itself... Look at late 2014, early 2017, and early 2018... and now this past week again... GZ