• 7 hours The “Oil Of The Future” Is Set To Soar In 2021
  • 10 hours Wealthy Could End Up Footing The Bill For States’ Budget Shortfalls
  • 19 hours Could This Be The Hottest Commodity Play Of 2021?
  • 1 day JP Morgan Says Fintech Will Steal The Disruptor Show
  • 3 days Facebook Plays Dirty Down Under
  • 4 days Could This Be The Most Exciting Lithium Play Of 2021?
  • 6 days China Sidelines US As EU’s New Top Trading Partner
  • 8 days 3 Smart Ways To Play the Global Chip Shortage
  • 9 days Flying Taxis Are The Number One Speculative Bull Arena
  • 10 days Ocean Power: The Missing Link
  • 15 days Luxembourg’s Ultra-Secrecy Still Attracts Hundreds Of Billionaires
  • 16 days Robinhood Is Under Fire And Trading ‘Democracy’ Is In Question
  • 17 days Bitcoin Could Be Worth $12 Trillion In The Long-Term
  • 18 days The Biggest Tech IPO Since Uber … For Farmers
  • 20 days The Biggest Boost Yet for the Cannabis Industry
  • 21 days Biden Administration Signs $231 Million Deal For At Home COVID Tests
  • 22 days China’s Tech Billionaire Ma Is Back And ‘Compliant’
  • 23 days Gamestop Crashes By 60% But The Story Is Far From Over
  • 25 days Crypto Crime Is Plummeting
  • 27 days Small Oil Firm Gets Massive Wall Street Bets Bump
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

It's Close... Very Close

The biggest rallies occur in bear markets and equities have had an impressive run after leaving behind a double-bottom in January and February - but the "end is near". In election years, March is a seasonally strong month for equities but this year, the March rally got started early in the first half of February. Several signs point to a top either last Friday or sometime this week.

On Friday, the Dow closed at the 61.8% retracement of the November-January decline. In addition, this level makes the February rally equal to 150% of the January rally. Either level would be reason enough to expect a top but the two together make for meaningful resistance.

A 6 month cycle high is due this week and a micro-cycle high is expected near Thursday. Even the Bradley Model is calling for a turn near this Friday.

Dow Jones Industrial Average Chart
Larger Image

 


Click here to get a "Sneak-Peek" (trial subscription) at Seattle Technical Advisors.com

 

Back to homepage

Leave a comment

Leave a comment