The British 2-year is approaching its Oct highs, and this helping to drag rates up here in the US.
NASDAQ:NDX 2b top still in play- follow me here. Where it closes matters most.
The NASDAQ:QQQ typically trades with the AMEX:TIP over time, as the TIP represents real yields. With the TIP ETF falling, it would suggest the QQQ should be falling too, but that relationship has broken down over the past several weeks, suggesting one is likely wrong.
The S&P 500 has been on consistent cycle of 21 trading days for months, alternating between rising and falling. Currently, the cycle suggest the index is due to top near current levels at 4,300 this week and could see the index now decline until mid-July. SP:SPX
The NASDAQ:NDX may have formed a key 2b Top reversal pattern on Friday, June 9. The intraday high surpassed the high seen on Monday, June 5. However, the index closed below the closing high seen on that day. This is a rejection of the recent high, and if the index does not close above June 5, it is likely to indicate that the NDX falls lower towards a gap at 13,600.
on the spx, doesn't always mean something, but sometimes it does ;)
strange divergence.... not sure which is right??.........................
this doesn't look good =O.......................................................
5 wave impulse higher creates wave A, near 61.8% retracement for wave A, plus good fibs for 1,3,5 up. plus resistance at around 50k
5 wave impulse higher creates wave A, near 61.8% retracement for wave A, plus good fibs for 1,3,5 up.
the type risk extremes in the equity market. XBI (most risk) relative to XLU (least)
kosdaq vs. qqq..........................................................................
Taiwan vs. QQQ.............................................................
Samsung still melting.....................................................................................