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October 05, 2022
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- Right here, at Dow daily Peak-E, is where/when we need some caution.
- While the other indices have started to show some toppy action, the is at critical Leg-E.
- At Peak-D the Dow is holding well, the SMH-semis have been a bit weak.
- The Dow finally formed a Peak-D, making it a bit vulnerable to a digestive phase here.
- At this point we need to consider a 'breather' is really close as some technical indicators are suggesting.
- That was a huge Leg-D candle, Thursday, closing an amazing November at recovery highs.
- The Dow continues Leg-D- and should be helped today by CRM, but the other key indices are near resist levels.
- The Dow's daily Leg-D pushed a bit higher, as we monitor the coming 2-3 sessions for tiredness.
- Dow in Leg-D, the others have already formed Peak-D, so caution prevails here.
- At Dow Leg-D- the key indices are already at daily Peak-Ds- some caution is usually prudent.
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