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

To: robert b furman who wrote (53293)	10/28/2020 1:23:28 AM
From: Johnny Canuck	1 Recommendation Recommended By Return to Sender Read Replies (2) \| Respond to of 69249

INDEX UPDATES: Confirmed short term sell signal of SP500. Intermediate term trend could still turn sideways of the selling over the next 1 or 2 days is contained. The next two days have to see a short term reversal of the sell trend will accelerate as nerve wall street traders lock in profits. No point showing a lost as what start out as a pretty lousy year. On the plus side the volume was lighter today than yesterday so traders are not panicing yet. Same comment on DOW as SP500. DOW transports have broken a strong support level. What happens over the next day or so determines the intermediate trend. A reversal back up keeps the sideways trend intact. Further selling so the early stage on an intermediate trend change. DOW utilities sideways still.Stablity in interest rates is what wall street want to see right now. COMPQ on the verge of sell signal also but just barely holding on right now. A down close tomorrow confirms the short term sell signal. Rusell 2000 small cap index sideways. Technically financial on a short term sell signal but just barely. I would wait for a large trend to emergy before panicing in this sector right now. Energy sector still on a sell signal. Gold still in sidways trend. Silver sideways trend also.