Monday, March 31, 2014

US Markets Appear to be Making A Short-Term Top


The IWMs have fallen through short-term support.  Momentum is declining and the CMF is showing a slight volume outflow.  Prices are below the short-term EMAs.  The logical target is the upward sloping trend line.


The QQQs are right below the trend line on declining momentum with a slight volume outflow.  Prices are below the short-term EMAs with the shorter EMAs all moving lower.


The DIAs appear to have printed a double top with momentum declining and the CMF weak.