The Market Perspective: Well Finally, Indexes are Turning Down

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« Utilities and Transports Five Waves Down | Main | »

December 10, 2024

Well Finally, Indexes are Turning Down

Tuesday 12/10/2024

the SPX and the NYSE are turning down on the 2 hour charts.

Transports and Utilities have fallen so much they are now in rebound position.

Learn about the NYSE index here

The NYSE or NYA on stock charts represents all stocks on the NYSE excluding ETFs and other non companies.

Hence it is down more than the SPX which is weighted.

Surprise PTEN looks ready to rally

Our patience is paying off, the bear funds are rallying from the lowest historic point possible.

Stocks fall 7X faster than they rise. The world is uber bullish, this means that will not work.

Posted at 04:11 PM in Stock Market | Permalink

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