US stockmarket - the 3 key indices are very close to generating technical tops / technical sell signals, which if triggered, would indicate the potential for...

Angela Mangan

QMG Pty Ltd

US stockmarket - the 3 key indices are very close to generating technical tops / technical sell signals, which if triggered, would indicate the potential for further significant downside. The emergence of potential technical tops at a US index level follows on from the technical analysis based warning QMG provided to clients in late September, 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. The US market is entering a crucial technical phase.


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.

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