Sunday, 28 August 2016

Trend Wizard Timing US Stock Indexes - August 29, 2016

The US stock index timer turned negative for the 3rd time on the short term trading model. The longer term is still positive and has been positive since "post brexit" - July 1st. Just a basic entry / exit rule is..... you get a buying / selling opportunity every 6 months or so . Looks to be getting a little overbought and the signs are there that things are risky.

Short term trader

Longer term trader...... hasn't crossed yet, I anticipate it will. If it doesn't soon, we could see the market pop to stupid, ridiculous, high, hyper / inflated numbers on the upside.

In ending, the stock market indexes are showing signs of getting tired, but believe it or not....... they could still go higher as ridiculous as it sounds. However, the patterns in place indicate topping action. 

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