- SPY, DJIA, NASDAQ
Topic:
- My friends told me that each time I travel SOUTH back to my hometown, market will head SOUTH too. Is that true?
Lesson Learnt:
- Things definitely don’t look pretty for this month.
- All 3 indexes are getting lower and lower, clearly seen in the intraday chart. 20MA line and 50MA line have become resistance rather than support line.
- Daily and weekly charts of all 3 indexes look uglier than I look. The only exemption is DJIA weekly chart which is still ok.
- NASDAQ chart is the ugliest among all. Broken all trend lines and most MA lines.
- To be frank, I will not be surprise that this trip of mine heading SOUTH will actually CRASH the market, but I do hope that is not the case.
| Intraday Chart |
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| Historical Chart |
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