why I don’t think were out of the woods yet …$NYA

so, I follow the $NYA.

it consists of everything and YES it did open/close above the pattern in/around10415 we now have another level approaching which is a bearish sell pattern.  (see highlighted blue rectangle)  IF we get thru there w/ a daily close THEN I’ll throw in the towel w/ regards to another leg down.

Gold – pattern worked

Silver – pattern worked

GPRO – pattern got smoked today

GOOGL – pattern worked

PCLN – looks like pattern has failed (but i do see a 3 drives to a top – enough is enough already)

Aussie Dollar – never got in it …

Coffee is working but didn’t stop at the pattern but well w/in risk parameters

X went thru pattern but is back above it – again well w/in our risk parameters.

dollar working well .. (EURO short)

again, watch this pattern on the $NYA.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART