Updated for my final buy of four on 7/22Updated for my first buy of four on 7/22
As of close of yesterday 3 (DJT, RUT and NAZ) of 5 major indices (DJI and SPX) are trading below their active uptrend lines. To me this means:
- (33%) Indices are getting ready to correct a little (a few %, 5% max) before going higher.
- (67%) Indices are in process of constructing shallower and more sustainable uptrend lines. If that's the case, indices should breakout and print new highs either today or tomorrow.