The Bonddad Blog
Still nerdy after all these years
Thursday, March 27, 2014
More Signs Of A Short-Term US Equity Market Top
The IWMs (top chart) have moved through the 117 level, although the longer-term uptrend is still in place. The real concern now is the QQQ chart, where prices are right at long-term support with decreasing momentum and negative volume flow.
And finally, the DIA double top is still in play.