As we have been warning you for some time , the market had the largest decline Friday. SPY, DJI, DJT , IWM all gave sell signals but they are all above 200 day moving averages. They are all ready to have some kind of rally from oversold conditions but most will not make new highs.
NASDAQ has had such momentum that it is possible that it will make new highs in the minor 5th step up and then have a big decline. All rallies should be shorted, because they will not last long.
Gold will also went down sharply and will have a minor rally now followed by decline to November lows before a nice rally.
Natural Gas finally ready to go down sharply which means DGAZ will make new highs soon as the warmer weather is on its way.
DJI
SPY
IWM
SVXY
UVXY has not given a Buy signal yet but will go up sharply when the market goes down.
DGAZ Going to new Highs
ERX Going lower as oil headed towards $40
NASDAQ has had such momentum that it is possible that it will make new highs in the minor 5th step up and then have a big decline. All rallies should be shorted, because they will not last long.
Gold will also went down sharply and will have a minor rally now followed by decline to November lows before a nice rally.
Natural Gas finally ready to go down sharply which means DGAZ will make new highs soon as the warmer weather is on its way.
DJI
SPY
IWM
SVXY
IWM
DGAZ Going to new Highs
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