Market Indexes: Major U.S. Equity Indexes Higher, except DJ Utilities
SPX Candle: Higher High, Higher Low, Higher Close : Trend Candle
FED Posture: Quantitative Tightening (QT)
We can not quite count a top in any index yet. Here are the two daily charts that likely make the most sense at this time.
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| S&P500 Index Daily - Thrust Out of Running Triangle |
Today the ES daily futures closed above the upper daily Bollinger Band on very light volume - about the second or third lightest of the year. And, the NQ futures, chart below, has not completed it's potential ending diagonal yet to end Minor 3.
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| NQ Futures Daily - Potential Ending Contracting Diagonal |
Yesterday was the first day of the month with the characteristic inflows from pension funds, 401k's, retirement accounts, dividend reinvestment plans, and company buybacks.
If you are looking for a way to understand this bubble, or a name to call this bubble, I suggest this one.
2000 - Nasdaq Bubble
2007 - Real Estate Bubble
2017 - FED Led Unbelievable Buy-Back Bubble (or FLUBB)
Have a good evening,
TraderJoe
Salut tim pour le moment ça reste haussier tous les jours un autres records
ReplyDeleteIl se peut que la phase 4 arrive mais pas sur que la phase 3 est fini parce que elle peut encore durer un peu
Cool name
ReplyDeleteWhat about the tax rate cut? Not interested?
ReplyDeletetechnical-analysis is a trading tool employed to evaluate securities and provides accurate forecasts which are prepared by expert technical analysts.
ReplyDelete