Other markets behaved similarly erratic, caught in between support and resistance, as shown nicely in Chris Kimble's blog "Groundhog Day" in the broad markets of last Friday.
So stay on alert for the kick-off, the DOMINO rally is still on !
Monday, May 30, 2011
2011/05/30 DOMINO rally still on
In last week's post it was pointed out, that many of the world markets are now on the edge of starting a most likely powerful run in either direction. While everybody was waiting for the kick-off of the DOMINO rally in those markets, they did nothing but stay put last week. The daily chart of the SPY on Friday May 27 shows, that the S&P 500 snapped back into its converging triangle just to show its indecision in form of a spinning top.
Other markets behaved similarly erratic, caught in between support and resistance, as shown nicely in Chris Kimble's blog "Groundhog Day" in the broad markets of last Friday.
So stay on alert for the kick-off, the DOMINO rally is still on !
Other markets behaved similarly erratic, caught in between support and resistance, as shown nicely in Chris Kimble's blog "Groundhog Day" in the broad markets of last Friday.
So stay on alert for the kick-off, the DOMINO rally is still on !
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