US Equity Markets Overview

Nothing much has changed in the technical picture for the US equity markets since last week. The longer-term trend, by nearly all metrics, still remains bearish while the near-term trend is still bullish with few early signs of a reversal although a little more downside is needed in order trigger some more significant sell signals, such a below below the yellow downtrend line on the QQQ 60-minute chart below. Here's a mixed bag of charts on various US indices on both long & short-term time frames:


On an administrative note, I've worked all weekend identifying & fixing as many of the issues affecting the website since upgrading to the new interface on Thursday. There's still a few minor changes to be made, such as the restoring the previous pan & zoom functionality when viewing charts, which we hope to have restored shortly. Thanks to all for you feedback and highlighting some of the issues following the upgrade last week & please continue to let me know if you have any issues or suggestions on using the site.

note: these charts were made in pre-market today. I thought I had clicked the submit button to publish the post but just noticed that it never went thru.

2017-03-08T21:19:55+00:00 Mar 28, 2016 10:25am|Categories: Equity Market Analysis|Tags: , , , , , , |Comments Off on US Equity Markets Overview