An ETF tracking S&P 500 Healthcare, with pattern changes in EMA and volume at blue and red thresholds, respectively, over a set of broadening wedges and channels, in price. While the trends shift upward, volume decreases, signalling a probable retrace, or correction. A second ETF, tracking NYSE 20-yr treasury bonds, with pattern changes in EMA and volume at blue and red thresholds (blue only demarcates trend changes this time, versus all EMA signals), over another set of broadening wedges and channels in price movement. For this ETF, however, volume is increasing monthly, and while price breaks downward, there is a hint of retrace (?) at the end, and volume is still higher on average, compared to the huge spike in volume in the downward break. Is the market preparing itself for a correction in equities and speculation?
Posted on: Sun, 21 Sep 2014 00:43:59 +0000
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