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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 (123764)	5/1/2019 7:02:19 PM
From: GROUND ZERO™	Respond to of 222145

Wow, I hope you had a great time, were you off the grid??? I think we can look at the momentum lines, they've been teetering and turning downward over the past week and today was the first time AL of them and the cycle finder lines were moving lower and also breaking through anticipated support... Anything can happen tomorrow or overnight to rally these markets again, but for now I would have to suspect further weakness based only the lost upside momentum... Also, look at the monthly $SOX chart I posted here to you, that is a foreboding chart... In addition to that 12 year monthly $SOX chart, I also have the monthly DOW chart showing the exact same overhead resistance line beginning with the high made just before the 1987 market crash... GZ