Weekly Review

DJIA - Daily Chart - Normal Scale
DJIA make a new high but we find divergence on MACD and RSI.
This one is the leader of this bullish move.
It's often happen in the past, most trader see DJIA as a benchmark about how US Market perform.
While they don't see the majority of stock heading.
When DJIA break the trend line, I expect a bearish move in stock market.

SPX - Daily Chart - Normal Scale
SPX might forming first ABC pattern in a possible topping formation.
I expect SPX to trading range between 1470 -1530 within 2-3 weeks.
A break to either side might initiate a bigger move.
Personally I expect a break to the support.
Please check 4 hour chart on SP500 Future too,there is a down trend line still attached to the tops.

NASDAQ - Daily Chart - Normal Scale
Similar to SPX, NASDAQ might move in trading range within 2-3 weeks.
But NASDAQ sit at the trend line.

Russel 2000 - Daily Chart - Normal Scale
Russel 2000 already break the trend line.
There is a possibility to make a double top first before we move lower.

Gold Future - Daily Chart - Normal Scale
Gold Future at the critical point.
The price held between 2 major level at 1535 as a support and 1630 as a resistance.
A break to either direction will attract trader to enter directional trader.

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