Originally Posted by Stevie_B
right on and i'm looking at the same exact thing on the spx, but the naz and russels (which i view as more of leading indicators) are showing me that we're sitting right at major resistance lines, and we've yet to break the may highs which the spx and dji have done... in other words- they're lagging. that is no good imo. anyway, here are the daily charts that i have for each-
question is will it bust on through? if it does, then sure enough there is nothing but clear skies ahead... but i'm not so sure. we'll have to see.. i'm trying to pull up the weekly & monthly charts for these two as well but for some reason i can't get them to work atm. once i do i will edit this post... those didn't look all that rosy to me either..
and here is the daily dji (not that i care too much about the dow) we touched resistance on there...
ed: added russ2k weekly- basically right at resistance...
naz weekly- hitting head right on resis...
Edited by Cy McCaffrey - 7/28/12 at 10:37pm