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

To: Johnny Canuck who wrote (52922)	5/12/2020 5:43:22 PM
From: Johnny Canuck	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 68015

SP500 and DOW still in tight short term sideways pattern. COMPQ acts as we thought and saw a profit taking day as it filled the gap. Now we see if minor support at 2200 hold or this is something more serious. Russell 2000 small caps on verge of breaking suppport and the short term sideways range. FInancials also banging at the lower part of the short term sideways range. Case slowly building for down more than up on the other major indices as the support for these indices show erosion.