I saw that, agreed. Ok, they are indications, price has to confirm, once it does and if it does, then God help us all IMHO.
I believe there is a great chance DOW future will close below 17000 by this Friday. Right now it is 17447.
I would say by this time next year, we should be in a bearish place. Presidential election cycle just reinforces that. They will continue to support the bull, but in the end it will fail, it always does.
So a correction down to 1500 puts us at the last top. Boy they sure got this market jacked up pretty damm high.
BSV is up again. Flight to short term safety. It also means the chance of increasing the rate in the next 2 months is diminishing. This is the bad sign for the stocks for the first time as it shows economy is not doing that good. We should see consumer sentiment will go down. Many people had 401K with over 10% gain YTD which is wiped out and they feel worried now and will cut their spending. Alcoa should meet or beat the expectation in the best case but will warn about next Quarter.
Looks like next main support level for YM isn't until about 17,371. just saw your post @Rickshaw Man , beat me to it.
TZA is up 5.8% to 10.35. Do you think it is up too much and there is no room left? Well Let me inform you that TZA was $72 three years ago !!.