Saturday, April 2, 2016

Apr 4, 2016 weekly outlook

I thought the 10 week cycle might provide some down side movement, but it was not to be.  But the evidence is starting to suggest more strongly we are due (even overdue) a pullback.

RSI is near levels suggesting an imminent top, TSI should see a bearish crossover soon and the stochastics suggests a top is due.  With multiple indicators lining up to suggest a top, surely a pullback is due.

GL traders

A different look (Hurst FLD for DJIA)


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