A late push by VTI changed a bearish Engulfing to a bearish Harami.
VTI daily is counter trend. Intermediate bearish. Eyes on the target just below the kijun sen.
Just watching to see how this looks by end of the week
VWO has been outperforming since the start of the year. So far, the overall trend is still up but showing signs of crack. RSI and MACD are both breaking. the ratio itself is still above the support, and the MA cross is yet to generate a sell signal.
$VTI weekly is testing the resistance. Indicators re undecided.
Just seeing what happens with this next week. Could be that it consolidates a bit under resistance. Would like to see weekly MACD cross down.
elevated valuation of large stocks/buybacks taper off in summer/us president election uncertainty/waning policy of fed/cci and percent r in bottom range/stoc crossed/relative strength weak/leaders lagging/maybe another rate hike/summer months possibility of spread of zika virus/
VTI weekly looks like another lower high here.
I am looking for a possible rejection on this VTI weekly chart. This is a very good indicator chart. See if we get the rejction
Will the buy the dippers come back in and push the market higher? Reasons to buy: 1. Stoch oversold 2. Horizontal support 3. Rising trend line 4. Fib retracement