[ Part One ] Weekend US Market Analysis Feb 13-14/2016

1 year ago

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With monthly charts STILL looking bearish we should not be too surprised IF markets rally day to day (as they did in some world markets on Friday) yet even on smaller time frame charts we STILL see that the market is not out of trouble yet.

In simple terms world markets + US major indices are STILL bearish.

NASDAQ weekly below support @ 4,258.44, NASDAQ weekly, NASDAQ 5 Year weekly RSI support line from 2011, NASDAQ daily, NASDAQ hourly, Dow weekly 15,988.08, Dow, positive divergence, Dow 5 year weekly, Dow daily positive divergence plus back test line, Dow hourly support, Dow Transports hourly THREE RSI lines, Dow Transports long term monthly uniformity line backtest, SPX weekly support @ 1,881. 14, SPX weekly divergence, SPX daily below $1,859.33, SPX hourly, VIX monthly above $28.43, VIX $28.03 on the weekly, VIX hourly, SPX monthly, INDU 30 minute, SPX 30 minute, SPX 5 minute charts, NASDAQ monthly below 4,620.17, INDU monthly below 16,284.70, and SPX below $1,920.03 remains bearish.

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