A close today below 1341.20 SPU puts in an ORL daily pattern. A close today below 2591.00 Nasd 100 puts in an ORL daily pattern This is a price negative pattern.
Yesterday we sent out a piece on taking profits or tightening up your risk in the miners for those involved. NEM..is attempting an ORL day with a close below 51.25, which would confirm the level in the GDX of 48.50
The first rebound rally in the Midcap was a re-test of the 200 day moving average. Midcap has been the strongest on the spreads and is now the weakest. The Russell as shown, is trying to put in an ORL week.
A close below 145.28 pit….145.24…all session.. Will put in an outside reversal lower day (ORL). This is a price negative pattern!
The following are possible ORL candidates.. PCLN…747.14 AAPL…578.86 OXY… 91.20 CAT… 100.65 DE… 81.79 If you’re in these names pay attention to the late show today. GS …with sustained price action under 111, this looks to be headed towards the … Continue reading