The Composite is starting to break down. The DOW is holding near highs and an ending diagonal triangle on the Wilshire 5000 has yet to be ruled out.
The DOW has a distinct ascending triangle pattern. It is one reason to think we still get an upside pop overall out of the market. I just don’t see how the market makes and ALL_TIME high near DOW 50,000 and not finish the job. I think it’ll finish the job before it’s all over. That’s a bit over a 1% move up from today’s close.
Yields are starting to show life to the upside. It would be more than due. That will be of course a disaster for mortgage’s etc.
Short term rates are not signaling anything at the moment.
5 monthly candles in a row for the NASDAQ Composite that are near a top. From strong hands to weak. Still overbought on the monthly!
GLOBAL DOW TO THE MOON
