Indices?
Posted: July 8th, 2019, 7:35 pm
The Dow (DJI) opened a new month gapped up on the previous month, twice in the last year. October 2018 and December 2018. The average of the fall for those two months was approx 3000 points.
July 2019 is the first gap up since. A very concerning gap for the bull markets as its also occurring at the record high triple top .
The dax has opened similarly and has had the same bearish reactions to those months since 2017.
Others of note and similar....
Nikkie
Set
Nas
Spx
Nifty (last month)
Etc...
Even of more concern is that there is a global moneyflow divergence across most of these majors.
Summary:.
An expectation of a tough summer in markets. Regardless of any US/China deals, Iran, NK etc
Given most don't short here.. .let's call it a buyer beware market. Not confirmed yet. Not a suggestion to bail. But certainly protect.
IMO
July 2019 is the first gap up since. A very concerning gap for the bull markets as its also occurring at the record high triple top .
The dax has opened similarly and has had the same bearish reactions to those months since 2017.
Others of note and similar....
Nikkie
Set
Nas
Spx
Nifty (last month)
Etc...
Even of more concern is that there is a global moneyflow divergence across most of these majors.
Summary:.
An expectation of a tough summer in markets. Regardless of any US/China deals, Iran, NK etc
Given most don't short here.. .let's call it a buyer beware market. Not confirmed yet. Not a suggestion to bail. But certainly protect.
IMO