Chaikin charts: DIA IWM SPY QQQ

Last time Chaikin charts were posted was on August 19,2016

Review these past posts to get a better sense of the bigger picture
Post July 29,2016 - September is the weakest month of the year
Post Aug 12,2015 - chart of the 7th Year of the Presidential Cycle
Post Aug 19,2015 - Chaikin charts: DIA IWM SPY QQQ
Post Sept 2,2015 - Bottom Finder
Post Sept 3,2015 - The Magic of 150 Months
Post Sept 5,2015 - Fear Greed Index over time

Comments
Several of the above posts gave hints of a potential sell off.  September is the weakest month of the year, chart of the 7th year of the presidential cycle and the magic of 150 months.  In looking for times to take advantage of a potential sell off were the Chaikin charts.  Posted on Aug 19,2015 were four index charts.  Each was trading below Chaikin's proprietary 200MA.  Each indicated WEAK trends.  Three out of four had weak RS.  All four charts had weak CMF as the market went from OS to OB.  This was evidence of a potential sell off in addition to the information in the posts noted above.  What happened was the market sold off earlier than expected in August, but, in accordance with the indicators in the Chaikin charts.

Now what should we expect ?  To help answer see the charts below for DIA IWM SPY QQQ
Again the price is below Chaikin's 200DMA, Trend is weak, 3 of 4 RS indicators are weak and the CMF is weak as the indexes moved from OS to at or near OB.

Courtesy of Chaikin Analytics

Courtesy of Chaikin Analytics

Courtesy of Chaikin Analytics

Courtesy of Chaikin Analytics

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
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