Small caps, a leading sector, have continued to defy what was a nice Reverse Symmetrical Triangle but today, they look oddly bearish. Could good news for America be signaling a top of some kind for the markets? DIA targets 133 and IWM is at support. Best not to force the markets here, but it will be interesting to see if IWM sports a negative divergence. On the plus side for small caps is a weirdly bullish MACD in an inverted H&S stance.
Over in NFTRH land, we are managing - by email updates - the parameters in the gold stock sector. The silver CME goons are trying to scare us, but the technical parameters I am using are still intact for the gold stock indexes. Hence, ho hum I am sitting on my hands until given something actionable.
http://www.biiwii.blogspot.com
http://www.biiwii.com
