| Log In | Register Now
Once again I'm including weekly charts on some of the securities we're following to give us a longer term perspective to start the week. On SPX and INDU weekly you can see that 50 CCI is holding below zero. Still, if we're going to see another leg down, I'd be looking forward to a much smoother decline if the indicated upside targets on these charts are met first. Those are target extensions from the swing into the low and they represent strong potential turning points if we're seeing a corrective rally since the March lows. But even a corrective rally isn't complete until at least initial upside targets have been reached. A good deal of daily and weekly resistance symmetry has broken as well, and this calls into question whether a downside move can be sustained. So for now, at least until we see those upside targets, the charts are favoring additional long side. Note that last week's timing lows on daily are holding. I've cleared that info off the charts since we've moved past the timing influence.
Can Chocolate Cake for Breakfast Diet Help You Lose Weight?
Free Edition
TAKE A TOURWe value your privacy. Your email address will not be shared.
