Elsewhere on the page, I’ve noted some slippage in Boeing shares that has begun from a record-high on Wednesday that nonetheless fell a tad shy of our expectations. Is this that ominous cough in the second reel? We should know soon enough. The weakness is worth watching in any case because just a little bit more of it would start breaching prior lows on the intraday charts that are lined up like ducks in a row. That would be bearish, at least for the short-term, and a potential drag on the broad averages.
Boeing’s Little Cough
- December 22, 2017, 10:31 am
The UTY Index has created in the last 5 weeks several bearish patterns, as this weeks close is a weekly Evening Star suggesting a major turning point.
The UTY index has had key issues collapse PCG –13% SCG –10%, the UTY index moves forward when the INDU index is entering a major bear market.
The 1st yield factor moves yields slightly higher, then turns over once the over all bear market is created, lower yields are created from falling equity pricing.
Being that the yield is so close towards the all time lows of 2015 and 2016, the turn into an equity bear market will be meet with severe pricing lows in yields over time during the upcoming bear market.
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The yearly setup is these markets below states massive volatility is dead ahead:
DX Yearly
1) Bearish Engulfing pattern.
2) 3 yearly Bar Evening Star pattern.
EC Yearly
1) Bullish Engulfing Pattern
2) 3 Yearly Bar Morning Star Pattern
AD Yearly
1) Bullish Engulfing Pattern
2) 3 Yearly Bar Morning Star Pattern