Mentorship

Mentorship

NYSE Composite

17 Dec 2016 ‚óŹ 08:56 AM

Most US indices now show their short term momentum in sell mode. What is interesting is that the Dow is the only index that blew past its upper trendline of the highs. The S&P did not and neither did the NYSE Composite below. In fact the upper line of the highs of A and C was exactly touched on the chart below before the market halted. So watch the recent highs closely and till we are below the upper trendline here I would think of it topping out for US Equities.

nyse-171216

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