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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Comments:
  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.

    http://schrts.co/dXWFKKxk

  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.

    http://schrts.co/WBvfABFF

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

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

      http://schrts.co/nRpxbmvj

  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