Major Stock Indexes Update
Attached is the updated major equity index charts and relative performance table. Note the Vix has taken the top spot as it closed the week above it's zero line for the first time this year and is now in Stage 1B, and a weekly close above 18.20 which was the April swing high would move it into Stage 2A imo, which would be a negative for the stock market.
On the S&P 500 the Momentum Index has broken below it's April swing low, and the 30 week weighted moving average momentum has now had two down weeks and price is consolidating near the 50 day MA, and so along with the other breadth indicators which I post in the Market Breadth thread here: http://stageanalysis.net/forum/showthrea...929#pid929 there are signs that the current Stage 2B that the S&P 500 is in could well be becoming early Stage 3.
US Stock Indexes
European Stock Indexes
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.