Stock Market Update - Nov 18, 2015

If we look at the weekly chart, both DJIA and S&P 500 start to show that they're starting to go sideways or even down.


Both weekly charts say the market has ended its bullish trend. We could see that DJIA and S&P 500 broke their channels' support 13 weeks ago and last week they bounced back from their new resistances.
And if we look at the longer timeframe (monthly chart) they are still on their way to make their new 52 weeks high.


It's time to monitor your stocks everyday.

Have a good day!

Repost from Protege Analysis

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Do We Have to Stay Away from the Market?

The charts tell that we still could not predict whether the stock market would go higher or lower. We could see that the weekly charts of Dow Jones and S&P 500 say the market has broken its bullish channel and it is now moving downward.



However, if we take a look at the longer term charts, they're saying that we have to wait for any longer.



It's recommended to wait until the charts show more proof about the trend, since there is a probability the market would bounce from its channel'support and continue to rally.

Cheers!

Repost from Protege Analysis

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