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Markets under presure
When the charts are examined tonight one could expect to see the SP-500 move up next week but the QQQ is under pressure. Let me explain by looking at the chart of the SP-500 here Note the V [Continue reading…]
SP-500 is a trading range
The SP-500 has been in a trading range for the last 2 to 3 weeks. Today’s sell off had it closing on a low for the day. What that tells me is that if the market was open longer it [Continue reading…]
QQQ at a key support area
The QQQ is on a key support level at the moment and if it breaks it downwards then there is quite a drop to go. It is best seen in the chart below. Note that $84 is the next key [Continue reading…]
Two days up one day down
Despite the run up on Monday and Tuesday we see a sell off again today. Overall the trend is still down and the money stream is still weak. A chart on the SP-500 is shown here, Note the drop in [Continue reading…]
Markets weaken further
It has been a difficult week in the markets with possibly worse still to come. The money stream is weak which indicates that the trend is now clearly down. All eyes will be the reaction to the Ukraine election results [Continue reading…]