Rounding top on Dow Global Index – Colin Twiggs
Oct 17, 2016, 01:38 PM
In this segment, Tip TV’s Nick Batsford and Zak Mir discuss charts from Colin Twiggs, which show rounding top formation on Dow Global Index chart and long-term bearish money flow divergence index on Dow Jones chart. The charts also include US economic data which point to superficial strength in the economy.
Mir points to the bearish undertone in the major index however sees a bearish confirmation only if prices end the week below 200-DMA on major indices.