Sunday, 27 November 2016

#DJIA #SPX #NDX #XJO daily charts. Possible inflection point reached, crucial week ahead

#DJIA is at the perfect place to complete an ending diagonal up from the low of 2016.



#SPX shares the ending diagonal form. The (green) alternate is that it's in a 3rd of 3rd higher. Volume & breadth don't support that view.



#NDX peaked in October & is on the cusp of a 3rd wave down. Its failure to lead the market higher is a tell that it will lead lower.



#XJO ASX 200 all sessions chart below. Coincidence that it is testing key trend line resistance as the Dow is also? Of course not, despite how different their paths have been in recent years. 



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