The percentage gains for several US stock indices on 9/27/17 are as follows : RUT +1.92
IXIC +1.15
NDX + .96
SPX +.41
DJI +.25
The highest quality index DJI had the smallest gain while the lowest quality index RUT - small caps had the biggest gain.
This is the exact opposite of what you would see in a healthy bull market.
In addition of the big 3 US stock indices - SPX, DJIA, and IXIC only SPX made a new all-time high.
None of the market leading FAANG stocks, FB, AMZN, AAPL, NFLX, and GOOGL made new all-time highs
The SPX had a huge hourly RSI bearish divergence as well as daily and weekly RSI bearish divergences.
Only 2 of the 9 SPX sector ETF's - XLI and XLF made new all-time highs.
Last week The Bullish Consensus reading for US stocks was 71% this is the highest reading for the entire 8 year bull market.
September to October is seasonally the most bearish time for the stock market.
Evidence is overwhelming that that the 34 day Mini Crash Phenomenon that I discovered could occur. New target bottom date from 9/27/17 top targets 10/30/17 for crash bottom.
Price target zone SPX 2130 to 2160.
Mark
IXIC +1.15
NDX + .96
SPX +.41
DJI +.25
The highest quality index DJI had the smallest gain while the lowest quality index RUT - small caps had the biggest gain.
This is the exact opposite of what you would see in a healthy bull market.
In addition of the big 3 US stock indices - SPX, DJIA, and IXIC only SPX made a new all-time high.
None of the market leading FAANG stocks, FB, AMZN, AAPL, NFLX, and GOOGL made new all-time highs
The SPX had a huge hourly RSI bearish divergence as well as daily and weekly RSI bearish divergences.
Only 2 of the 9 SPX sector ETF's - XLI and XLF made new all-time highs.
Last week The Bullish Consensus reading for US stocks was 71% this is the highest reading for the entire 8 year bull market.
September to October is seasonally the most bearish time for the stock market.
Evidence is overwhelming that that the 34 day Mini Crash Phenomenon that I discovered could occur. New target bottom date from 9/27/17 top targets 10/30/17 for crash bottom.
Price target zone SPX 2130 to 2160.
Mark