Saturday, July 21, 2018

Chart Updates: SLY IWM QQQ MDY SPY DIA

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Note that each chart is more Overbought than at the last post on July 14,2018.  The Overbought indicator is highlighted by the red circle.
Also the Chaikin Money flow of all the charts are weak.  As you can see, some weaker than others. 
Most CMF did not move up when the market moved up or they had a weak move up and failed to even reach the previous high.
This may turn out to be ominous in the short term.
In addition the DIA is still trading below it's moving average.


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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.  
Past performance is not indicative of future results.



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