stockSMASH

stockSMASH

I see Crowning. Many times that is a key formation of near term top. More important the 20 day moving average. This market will likely be resistant, break it, fade, test up, sideways, then down a bit near the 20 day and 50 day. The 20 day moving average has crossed down under the 50 day. In the past 15 months this has been "yawn". It merely reverses...

stockSMASH

calculated entry 112 - short term - long iwm -

stockSMASH

Vicious market movements to be sure. Want Binoculars and a true clue to the market mindset? IYT transports....and she is telling us... quietly..... down. The high LSMA often helps give a perspective as it rises over price. I was stopped out of DIA short but remain short and in the money on XLB. I will short IYT in the morning.

stockSMASH

Blown 20 day moving average (shown) and important Algo lines on Weekly and daily charts (not shown) DIA and XLB are crowning... 3 points..on DAILY. often tops. MORE Market drop coming, but huge moves take a number of drops and pops as market churns, then,,, after a false run up... vicious down. See 2011. Based on the market fundamentals like QE...