Chris Kimble - Kimble Charting Solutions – Fri 8 Mar, 2019

US Markets – High Impact Potential Topping Patterns

Chris Kimble, Founder of Kimble Charting Solutions shares his thoughts on US markets and a potential topping pattern. Listen closely because we do not have confirmation yet as the long term uptrend is still in place. However if we get a break lower the following move could be aggressive.

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  1. On March 8, 2019 at 1:32 pm,
    GH says:

    The general markets have rolled over in textbook TA fashion. Both the S&P500 and DJIA gave slightly higher highs (than the late 2018 highs) on their recent peaks, technically qualifying as ‘impulse legs’. But the Dow Transports did not confirm.

  2. On March 8, 2019 at 1:35 pm,
    GH says:

    $TNX (10-year treasury yields) breaking back below its 600 week moving average is supportive of an upleg in gold.

    • On March 8, 2019 at 1:37 pm,
      GH says:

      It’s also close to breaking below its 600 day moving average:

  3. On March 8, 2019 at 3:19 pm,
    Silverdollar says:

    Excellent listen Cory. I think the direction will be determined by how many money managers pull some money off the table. If few, we’ll go sideways mostly. If more than a few, we’ll drift downwards. And then there are the algos. Who knows how they are programmed and where they will do their thing??????????

    • On March 8, 2019 at 5:36 pm,
      larry says:

      That is it silverdollar…..the pressures to hold overnight when patterns look to be bottoming for instance will be brutally difficult to measure although possible in a probabilistic sense…Algos shake it all up for sure…They can make the fed mony injections temporarily useless