Hey guys .................. updating what you already know .......................
No luck for Big Joe YET. Nasdaq & SPX taken out the top, Dow close to it. Without these 3 big guns I'm not going to enter a Short.
So NO Short entry YET!!!
Fractured market? You bet! Dow Jones Transports, New York Stock Exchange Composite (NYA), Dow Jones Global Index, London FTSE 100 are struggling.
But here's the thing: Dow Theory requires a signal from both Industrials & Transports. Some practitioners have added SPX
For Fibo: I need unanimous agreement from the Dow Industrials, Transports, SPX, New York Stock Exchange Composite, Nasdaq. Additionally I take it as a huge + if Dow Jones Global also give the signal because then I can hit Asia in comfort too
Obvious that the above is not happening for Fibo YET
Stance continues unabated. No change in SHORT STANCE! EVER vigilant!!!!