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Tag Archives: Dow Jones Industrial Average DJIA

SPX shows reaction to 10% correction level

US stock indices struggling to stay above this level

Day to day price action suggests that US stock indices are struggling to hold on to a 10% level off 52-week high. This level is associated with ‘correction’. At 20%, it’s bear market. In absolute terms, this correction is horrid. It dwarfs ‘Black Monday’ on August 24, 2015. Delusion or meaningful?

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XLE appears to be leading indicator

XLE, Natgas, DIA and WTI signalling something?

4 charts that says something is brewing. If the signals are true, XLE is a leading indicator which we will see some WTI, index moves in the near future.

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