The market keeps on chuggin'
The SPX eek out another gain, but this market is looking tired. The chart has clearly formed a bearish wedge and the MACD is starting to roll over, but has yet to give a sell signal. 
Outside of index watching, there are some other interesting charts. I might play these assuming volume and momentum is there.
IMA looks interesting with a break out and measured move to 35.
MSCC could make a quick move to 14, on a break over 12.5
Similar pattern. Break at 20, target 25.
If the market starts to roll over, WFMI is again looking like a potential short with a stop above the recent highs. This chart has started to lag recently giving it a safe short entry.
If you found this post useful and want to receive others like it,
Click here to Get FREE trades, investment ideas and updates in your inbox from "Risk Manager Jeff
| Reactions: |
No Response to "The market keeps on chuggin'"
Post a Comment