The Dow Jones has generated a technical sell signal with the potential for the S&P500 and Nasdaq to follow suit
Angela Mangan
QMG Pty Ltd
The Dow Jones has generated a technical sell signal with the potential for the S&P500 and Nasdaq to follow suit. The potential for the 3 key US indices to generate technical top formations / technical sell signals was previously flagged in our LW on 8/10/14. In late September, QMG clients were provided with a technical analysis based warning relating to the unsustainability of the US rally based on it being located in extreme overbought territory. Specifically, the parallels between the broad rally that commenced in early 2009, to the rally that occurred between late 2002 and late 2007 was highlighted.
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Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
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Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
Angela Mangan
Technical Analyst
QMG Pty Ltd
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
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