The NYMO is up at 50-ish flat-lining for a few days. As the red circles show, this is an area consistent where market tops occur although sometimes it may take a couple weeks. The green circles show areas consistent where market bottoms occur (NYMO below -60). The NYA was battling the 50-day MA resistance and now pokes above causing the bulls to walk around with their chests puffed-out.
ECB President Draghi will announce the European Central Bank's rate decision and stimulus plan on Thursday morning. Stocks will move on the news in proportion to Mario's dovishness. The central bankers have created a sick world all for the sake of protecting the privileged class. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added Thursday Morning, 9/12/19: NYMO is at 60 with the ECB decision imminent. NYMO is hinting at a stock market top occurring anytime in the days ahead.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.