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US Markets – High Impact Potential Topping Patterns

Cory
March 8, 2019

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.

Click here to visit Chris’s site – Kimble Charting Solutions.

Discussion
5 Comments
    GH
    Mar 08, 2019 08:32 PM

    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

    GH
    Mar 08, 2019 08:35 PM

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

    http://schrts.co/WBvfABFF

    Mar 08, 2019 08:19 PM

    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??????????

      Mar 08, 2019 08:36 PM

      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