It appears we may be headed for a correction. All of the indicators are red or about to turn red.
Let's look at the indicators.
- DJIA vs 30 week MA: Below
- S&P vs 30 week MA:Touching
- Nasdaq vs 30 week MA:Touching
- Global DOW vs 30 week MA: Below
- DJIA vs NYSE A-D: Both Down
- Divergence: DJIA vs NYSE High/Low: Both Down
- 200 Day MA NYSE A-D:Touching
- NYSE 52 Wk Highs-Lows Diff: -182
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