• 8 hours The Unexpected Retail Segment On Track To Hit $68B
  • 2 days Oil Demand Falters On New Wave Of Lockdowns
  • 3 days Signal, Telegram Gain Ground As Social Censorship Breaks Headlines
  • 4 days Investors Should Be Worried About Tech Stocks
  • 6 days Battle For Market Share Intensifies In COVID Streaming War
  • 8 days Censorship Is Now Private, And That’s Scary
  • 11 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 12 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 13 days NYSE Reverses China Company Delisting Plans … For Now
  • 15 days The Dollar Could Remain Weak For Years To Come
  • 18 days The Simple Secret To Tesla-Like Gains
  • 19 days US-Listed China Stocks Have 3 Years To Become Transparent
  • 21 days $30,000 Is The New $20,000 For Bitcoin
  • 22 days Gold Slips Following Stimulus Announcement
  • 22 days Illegal Streaming Targeted In The 5,000 Page COVID-19 Stimulus Bill
  • 23 days Big Investors Are Dumping Gold For Bitcoin
  • 24 days The Most Exciting And Strange Energy Tech Of The Year
  • 25 days Morgan Stanley Sees Apple As Major Threat To Tesla’s Dominance
  • 27 days U.S. Lawmakers Pass $2.3 Trillion Relief Package
  • 28 days The Super-Rich Are Investing In “Pandemic Passports"
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

Rio

Olympic host, Rio de Janeiro, is getting a lot of coverage in the media and not all of it good.  Much of the news is very bad and yet the games go on… similar to the equity market.

Lindsay's Three Peaks/Domed House pattern has passed point 21 (July 20) and the question becomes 'is the Dow headed into the final top at point 23 - or is it engaged in the typical 3-5 wave correction seen most of the time at this point in the pattern?' An example can be seen in March 2015 (lower case roman numerals in green).

Also, the Dow Utilities index is refusing to confirm the new high in the Industrials - historically not a good omen.

Dow Jones Industrial Average Chart
Larger Image

 


Get your copy of the August Lindsay Report at Seattle Technical Advisors.com.

 

Back to homepage

Leave a comment

Leave a comment