Today 7/3/17 some amazing things happened
1) DJIA makes a new intra day all-time high unconfirmed by the other main US stock indices.
2) At about the same time the DJIA was making a new high the NDX made a new decline low. Incredible!
Up until June NDX was leading the way up in the bull market. Now its leading the way down in a new bear market.
In bear markets you want to short weakness - short the NDX!
The DJIA intraday pattern from the recent bottom is very clear and appears to be in the latter part of a developing
Elliott five wave structure.
7/5/17 at 2:00 PM - ET the FOMC minutes are released.
It looks like the DJIA could rally and make a new high into the FOMC minutes.
If this happens Short NDX!
Short NDX!!
Short NDX!!!
Mark
1) DJIA makes a new intra day all-time high unconfirmed by the other main US stock indices.
2) At about the same time the DJIA was making a new high the NDX made a new decline low. Incredible!
Up until June NDX was leading the way up in the bull market. Now its leading the way down in a new bear market.
In bear markets you want to short weakness - short the NDX!
The DJIA intraday pattern from the recent bottom is very clear and appears to be in the latter part of a developing
Elliott five wave structure.
7/5/17 at 2:00 PM - ET the FOMC minutes are released.
It looks like the DJIA could rally and make a new high into the FOMC minutes.
If this happens Short NDX!
Short NDX!!
Short NDX!!!
Mark