Saturday, July 14, 2018

charts: DIA SPY QQQ IWM

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Note that each chart is at or near Overbought indicted 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 trading below it's moving average.


Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage
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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.