This stock market video update covers technical analysis of the S&P 500, Dow Jones Industrial Average, Nasdaq Composite, and related ETFs. I show several technical indicators including MACD, stochastics, and bollinger bands and give you my interpretation based upon current price formations and market sentiment.
Large scale divergences in sentiment (VIX and total put/call ratio) are present on the current breakout suggesting that we be prepared for a failed breakout and potential market correction.
I review long and intermediate term channel lines which are currently overhead resistance on several markets.
Additionally, here are some links relevant to this video and current market situation.
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