Dow 30:
S&P 500:
The Head and Shoulders on the S&P500 has a neckline at 1680-1687, near the prior high of 1687 (orange line). Price has broken down through that line just now. Dow does not look better inthat respect.
Wednesday, 14 August 2013
Ugly charts in Dow 30 and S&P 500? 2013-08-15
Fairly ugly charts are emerging in the Dow and the S&P500. Dow looks worse right now because supports from July appear to have broken down. Both have head and shoulders formations.
Dow 30:
S&P 500:
The Head and Shoulders on the S&P500 has a neckline at 1680-1687, near the prior high of 1687 (orange line). Price has broken down through that line just now. Dow does not look better inthat respect.
Dow 30:
S&P 500:
The Head and Shoulders on the S&P500 has a neckline at 1680-1687, near the prior high of 1687 (orange line). Price has broken down through that line just now. Dow does not look better inthat respect.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment