RoughDollars Best Charts - July 21, 2014 - Sideways action

Edward Hunt Has Had Over 50 Followers Rank: 20 Followers: 70 Votes: 205 Years Member: 5 Last Update: 21 July 2014, 18:19 Categories: Trend Analysis
General Market Commentary
ETFs

7/21/ MON > Market still in earnings seasons but with spotty results. Not really anything to move the markets. Gold also flat.
Now for the skinney.... Charts, charts, charts. The one chart that does stand out is the $RUT. It clearly shows a double top with volume decreasing. MIDU pulling back off the highs with SOXL still bouncing around the highs. No one can say here that the market has topped, which clearly takes time. Stock equity mutual funds are still at highs which supports a sideways market and not one that is in decline mode..

So where from here?
While were waiting, please give a vote when you can. Please show your support, many thanks.

The market will move unexpectantly and only when it wants to. If you have decent profits on this May rally, be thankful. Do not be in a hurry to jump back in. One does not have to catch the exact top of each rally. Only catching 60% to 75% is the norm and doing it continuously would be super.

Always appreciate your daily votes and welcome new follows. Leave with a vote if you can.. Stay with RoughDollars Best Charts....

There is a major Bradley turn date around July 16th, give or take a few days. Bradley sidergraph evolves around astrology. Also, there is a phi-mate date around July 16th. I have seen in the past, 1000 point moves beginning on phi-mate dates, but also 0000 zip moves as well. Just thought one should be aware of possible trend turns and or cycle turns....

Proverbs 3:13 Blessed is the man who finds wisdom, the man who gains understanding.

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A1 $$INDU 11 MO Channel

A1 $$SOXL - WATCH Daily 3 MO Renko, 1024

A1 $INDU - 1 hour Heikin-Ashi, 1024

A1 $INDU - 1 MO Daily Renko, 1024

A1 $INDU - 2 hour 45 day TMS Area, 1024

Because of market volatility, all charts shown within should be used for short term trading only and not for longer term investing.

A1 $INDU - Daily 45 day Area, 900

A1 $S&P - Area - Daily 6 Mo, 1024

A1 $SPX - 1 hour Heikin-Ashi, 1024

A1 $SPX - 2 hour Candlesticks, 1024

A1 $SPX - 40 DAY Daily Renko, 1024

The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.

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