Hurst 5 Week Highs due June 9-14
SPX should get back into the 1330's within 6-11 days.
If so will likely go 100% flat. This selling has negated the most bullish Andrews scenario.
Some things to keep in mind: Jesse Livermore once said something to the effect, 'I've seen operators over and over lose money fighting over a few points at the top'. Many of the big name Dow Stocks (AA, DIS, VZ, CAT, etc.) have classic Livermore-esque top warning signals of increased volume on declines. That will be something to watch ahead of the Hurst 9 year low due later this year.
If so will likely go 100% flat. This selling has negated the most bullish Andrews scenario.
Some things to keep in mind: Jesse Livermore once said something to the effect, 'I've seen operators over and over lose money fighting over a few points at the top'. Many of the big name Dow Stocks (AA, DIS, VZ, CAT, etc.) have classic Livermore-esque top warning signals of increased volume on declines. That will be something to watch ahead of the Hurst 9 year low due later this year.
posted by chartblog at
12:22 PM
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