which sits at 117.60.
Sentiment: Strong Sell
the 13 DMA six times.
today was the first time it closed below the 13 DMA (currently @ 204.69) since Feb 15.
head for the hills! this central bank infused rally looks waaay long in the tooth.
per analyst estimates. run! lol.
setting up on the daily chart. looks like it could take place this week. the last crossover resulted in a 13 point decline from the high of the move.
not much of a follow through day.
the RSI hasnt looked this overbought since the 2011 peak.
dont be surprised if we revisit at least 1200 spot.
look at a chart for yourself visit tiny url j8gp2tz
was at these levels was the 2011 top.
time to ring the register.
indicators have only reached these levels 3 times going back to 1997.
the two times before this one it preceded a market crash. just saying.
have a splendid day.