DOW JONES INDEX STOCKS ARE WEAKER THAN NDX AND SPX
NDX STRONGER THAN SPX.
FOR A LARGE MOVE DOWN, WE NEED TO SEE:
A. USD GETTING STRONGER FROM CURRENT LEVELS
B. GOLD CONTINUE TO MOVE HIGHER FROM CURRENT LEVELS
C. SPX TO TAKE THE WEEKLY LOW FROM CURRENT LEVELS
IF BEAR ARE NOT ABLE TO ACCOMPLISH THAT — THEN I WAS WRONG AND MUST START CONSIDERING BULL BACK IN CONTROL
Chart at:
https://slack.com/messages/CEDLMU332
REMEMBER THAT OVERVALUE MARKETS ARE THE RISKIEST TO TRADE.
Consider an analysis of spread trading shorting DOW vs NDX. This can lower your directional risk.