Thursday, January 31, 2013

Update on US indeces macro proportions

Albeit circumspect, reaction at upper wedge-like trend-line on SPX and DJI + 61.8% large multi-week fib extension on SPX (to the tick!), while NDX did not break out, allows to keep last post' stance (R2K break above 2007 top and trend-line is of concern).
Updated charts below.

NDX Monthly

NDX Daily

SPX Monthly

SPX Daily

DJI Monthly

DJI Daily

R2K Monthly

R2K Daily

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