The McClellan did wind down just a little bit more last night and this is looking like a clean trigger. A lower close today will all but cinch it.
The pattern chart is very interesting. Pink Trendline is broken and the Orange trendline is provisionally broken. We don not have a complete candle yet. But right now it is just churning under the line.
I am starting to get a whiff of a trend change
...... or maybe I ate too much broccoli last night.... change sure stinks ... :)
2:55 - still consolidating under the trendline .... interesting
3:40 - NYA has some nicely bearish developments. Lets see if it can muster a break of the blue support early next week
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1 year ago