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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 256.11-0.4%5:05 PM EDTNews

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To: Johnny Canuck who wrote (52749)8/28/2017 8:53:10 PM
From: Johnny Canuck1 Recommendation

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kidl

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It is time for a little caution. The intermediate trend is up on the DOW and SPY but the transports are showing some weakness.




Russell 2000 on a sell signal in all timeframes so there is little appetite for risk for small cap stocks.





Financial stalling.





Energy is just a plain sell not matter how you look at it.





Gold setting a new high on volume so traders are nervous.






Set you stop losses and let the market take you out. No reason to try to take position in advance of the big traders coming back after Labour Day.
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