Market update 090619

Markets trading at pivots going into the FOMC announcement

http://trend-signals.com/Analysis/090619.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38904789

* After brief two day correction during the Quad OE week, markets closed near at pivots: below the recent intraday downtrends and 20 dma for SPX and DOW. While markets are showing an early sign of correction, we do not have a confirmation for a meaningful correction, e.g. breaking below the lows of the last week: SPX 900, DOW 8450, Nasdaq 1780, and Qs 35.40.

* After showing extended period of negative divergences in price and breadth momentum on daily price actions, markets are now showing a correction period closing below a primary uptrend supports.

* Major indexes SPX, DOW, TRAN, BKX, and XBD closed below primary supports and ST price actions are now showing downside momentum.

* Intraday 60min price actions are now showing vst downtrend after two-day consolidation.

* ST A-B-C correction scenario is currently wave B correction to 850-

* Correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is ideal, however, markets could hold up until Q2 report to show false hope financial reports.

* Realistic: Bearish case is intermediate corrective wave 5 to SPX 666/555.

* Warning: with the Fed manipulation to inflate the Q2 market report, markets could be held up until EOM. Only very naive will believe the market manipulation based on debt spending economy.
Markets trading at pivots going into the FOMC announcement

http://trend-signals.com/Analysis/090619.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38904789

* After brief two day correction during the Quad OE week, markets closed near at pivots: below the recent intraday downtrends and 20 dma for SPX and DOW. While markets are showing an early sign of correction, we do not have a confirmation for a meaningful correction, e.g. breaking below the lows of the last week: SPX 900, DOW 8450, Nasdaq 1780, and Qs 35.40.

* After showing extended period of negative divergences in price and breadth momentum on daily price actions, markets are now showing a correction period closing below a primary uptrend supports.

* Major indexes SPX, DOW, TRAN, BKX, and XBD closed below primary supports and ST price actions are now showing downside momentum.

* Intraday 60min price actions are now showing vst downtrend after two-day consolidation.

* ST A-B-C correction scenario is currently wave B correction to 850-

* Correction to DOW 7500, SPX 750, QQQQ 30.50 into mid July is ideal, however, markets could hold up until Q2 report to show false hope financial reports.

* Realistic: Bearish case is intermediate corrective wave 5 to SPX 666/555.

* Warning: with the Fed manipulation to inflate the Q2 market report, markets could be held up until EOM. Only very naive will believe the market manipulation based on debt spending economy.