Stock Markets selling off today!!! Up like an escalator , Down like an elevator

 Stock Markets selling off today!!!  Up like an escalator , Down like an elevator 

I posted these charts yesterday for premium members and reviewed the tops that were forming at Sunday’s Chart & Chat webinar. I’ve been lighter on positions after taking so much profits off the table January & February.

 

Thought you’d find these charts on the Dow ( $INDU) & Nasdaq ( $COMPQ) COMPX interesting

As you can see as well we went up like an escalator & down like an elevator

That was one of the main reasons why I took so much profit off in January /February since was such a big run that we have not seen in years. Feels really good to be in more cash , since I can re-position my funds now into key levels.

double click to see them bigger & read the notes:

 

 

 

 

 

 

 

 

 

 

This are the Charts on Dow & Nasdaq from today March 6th as at 12noon EST

 

 

 

 

 

 

 

 

 

 

Hope you found this analysis helpful,

 

Stockguy22

 

Posted in Charting & Analysis, Commentary