Thursday, February 27, 2014

Australian, European and Dow Jones ETFs Forming Short Term Tops on 30-Minutes Chart

Above are the 30-minute charts for the Dow Jones, Australian and European ETFs.  All three have several common technical features.  We see a rally from the sell-off in early February, followed by a leveling off of prices over the last few trading sessions.  Also notice all three have a declining momentum picture as evidenced by the lower moves of each respective MACD.