2019-06-03

Battleground at the Trendlines

iShares MSCI Emerging Markets (EEM) bounces off support and moves into former channel.
Salesforce.com (CRM) loses 2008 trendline support. Third time's the charm?
SPDR S&P Regional Banking (KRE) briefly loses 2011 support line.
Steel Dynamic (STLD) losing, then recovering, 2008 trendline support.
Nucor (NUE) losing and retaking its 2003 trendline support.
Gold in Australian dollars.
S&P 500 may or may not fill gap at 2805.
The 10-month moving average of the major indexes all say sell, as does emerging markets, developed markets and commodities. I have a slightly slower 250-day MA on the chart.
iShares MSCI Germany ETF (EWG) not looking good.

No comments:

Post a Comment