US Stocks, Pre-Market

You can see my artwork skills on display as the pre-market implied opens for INDU, SPX and NDX are drawn in as white candles on the charts.

INDU is mostly below important moving averages and still below a neckline to a short-term bearish pattern.

indu

SPX is better, as it never went below the implied neckline (not shown).  But it is below the SMA 50.

spx

NDX has been the weakling for over a month now and remains below the ‘Bull Cross’ (code for irrelevant) of the SMA 50 above the SMA 200.  But a bear might wonder if bulls are getting sneaky here, making a ‘W’ pattern to go with an up-triggering MACD.

ndx

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH.