The 1,040 Support level held on the Emini today. We rallied 20 points but on very low volume. Prior to today we had 3 high volume down days – Professional accumulation? Obviously the 1,075 Resistance level above is critical going forward.
Volume Indicator – Low Volume Up Bar (Emini daily)
The obvious question is: "How long is that rally going to run?" The answer is: "Trend moves always last longer than you expect."
I rarely post charts of individual stocks. But the long term (monthly) charts are suggesting that a cyclical top is approaching, but not until possibly the end of October. I'll be looking at these charts at the end of this month to see how they have progressed.
Long Term Cycle (AAPL monthly)
Long Term Cycle (GS monthly)
Long Term Cycle (F monthly)
Long Term Cycle (YHOO monthly)
Follow this link to a feature article with videos and analysis using the Better Volume Indicator.
