NYSE update: comparison between now and late August

All though past performance is no guarantee for future results, it can be helpful to look at previous and similar technical patterns. So far, it looks like the NYSE is currently where it was late august, based on a similar bollinger band (wave) pattern, RSI5 pattern, FSTO and MACD pattern. Ideally we would want to see negative divergence slowly creep in and the lower bollinger band move up and the upper move down, to set up a tight squeeze for a bigger move. That may take, like in august/september a few weeks though, albeit the market has this time around been in a hurry…

nyse 11042014


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s