JOYG Joy Global Weekly Chart Rolling Over

JOYG Joy Global weekly chart shows a different profile than CAT. Where CAT wants to come up again for another matchng high on a weekly basis, JOYG does not. The textbook spank down three weeks ago came as a result of the overbot conditions, rising wedge and negative divergence across all indicators. This chart has rolled over.

Watch it form a potential right shoulder for an H&S pattern and that should do it for the up side. Sideways to sideways down bias moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.