Oct 19

Bull Profile Starting to Weaken?

So far, the pivot lows after the first half-hour of trading have not triggered powerful thrusts into new high territory in the major market equity ETF's... which is a preliminary indication for me that perhaps the profile of the bull is starting to change (weaken)? Let's take a look at my updated near term Pt. & Fig. chart of the SPY...

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Chart

Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!