Another way to display my previously mentioned SUSI Indicator and the related SIGNAL is by my Pattern SCAN chart, where I overlay the SUSI signals.
Observations:
- CONSUMER DISC (Chart 1) has strong MOMO and shows a good PATTERN BREAK OUT, ie.e. clearly leading...
- COMMODITIES (CRB), Energy (XLE) and Semiconductors (SOX) have developped SUSI sell signals (chart 2-4)
Conclusion:
- Tech was the dominant force in the latest bull run and seems to turn which could be a sign that the move seems long in its tooth....
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