Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Johnny Canuck who wrote (53199)	9/25/2020 4:06:22 AM
From: Johnny Canuck	Respond to of 69209

SP500 has broken the intemediate trendline so expect more weakness. As we are entering earnings season things can change quickly based on the forward guidance coming out of key companies in key sectors. Same comment on DOW as SP500. As a counter point DOW transports are still within the channel of the intermediate trendline. So it still has the possible to be in an uptrend. Still modest weakness on the DOW utilities. A break of 138 will start an accelerated selling process which would indicate an underlying weakness in the economy. Intermediate uptrend line broken on COMPQ. Expect further weakness. Intermediate up trendline on Russell 2000 broken. A break of the 90 level will really get the selling accelerated. Financially barely holding on the sideways channel. Watch the 20.25 level carefully. A break of that level will lead to more selling. Energy still on an intermediate sell signal. Confirmed break of intermediate up trendline. More selling ahead. Selling continuing in sliver. No real support till the 18 level.