6 AM PT
We still do not have a SEll signal on US markets even though advance decline ratio was negative yesterday and DJI, DJT , QQQ all made new intraday highs. SPY has not made a new high yet. Nasdaq also did not make a new high. This appears like a fractured market and is weak.
Because of one sided bullish sentiment we may be getting closer to near term peak and a decline can start any time.
Gold is giving a SELL signal.
DJI
SPY Premarket
IWM
TNA Technical rally Only today
TZA
GLD Gave a Sell signal on Monday
GDX Giving a SELL signal can go to recent high again
NUGT Giving a SELL signal can go to recent high
DUST Giving a Buy Signal can goto recent lows again
We still do not have a SEll signal on US markets even though advance decline ratio was negative yesterday and DJI, DJT , QQQ all made new intraday highs. SPY has not made a new high yet. Nasdaq also did not make a new high. This appears like a fractured market and is weak.
Because of one sided bullish sentiment we may be getting closer to near term peak and a decline can start any time.
Gold is giving a SELL signal.
DJI
IWM
DUST Giving a Buy Signal can goto recent lows again
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