DJI made a new low for the year yesterday and SPY was also near the lows. DJ transportation and DJ utilities are also near the lows. there has been an abc rally since yesterday. We had a up and b down completed already yesterday and we will have c up which is stronger than the a up.
After this consolidation we will continue our decline.
Gold and Silver also moving up slightly yesterday and today but till they go above the 15 day moving averages, there is no BUy signal.
We have had a neutral position on natural gas.
After this consolidation we will continue our decline.
Gold and Silver also moving up slightly yesterday and today but till they go above the 15 day moving averages, there is no BUy signal.
We have had a neutral position on natural gas.
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