Maybe my feel is coming back? STocks indeed got stage fright today and the near 2 day zing zagged after all.Quite a level to get fried from as well, hard to say if this reversal is key or not just yet.
NDX is looking toppy. Money flow weakened when compared to previous June high. We're under the 20 EMA which appears to be turning down.
Weekly performance not too impressive either with weak (RED) money flow on thr rise and ROC turning down.When MACD added, the histograms (BLUE BARS) have stoped rising, a close below ZERO would solidify the move.
The DOW? we're at the convergence area of the 2 moving averages.A close below would drive the 10 WK back down IMHO. Almost forgot, the VIX dropped today!
Entering period of seasonal weakness. Bradley cycle is turned down thru year end.
Did $65 OIL spook market? when $64 didn't? Go Hummer
Duratek
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