Golden5: MOMO: YEAREND ASSESSMENT

Our proprietary SUSI Indicator as well as out CTI Indicator are Momentum gages. Both are Overbought and both sport negative Divergences. The achieved Overbought levels are also at Exhaustion levels (which measures a certain distance from the long term Trend). Additionally you will find a series of Tom DeMark Sell Signals.
All in all the market is at a state of exhaustion which should at least correct at some point in the near future....

Below you will find the Dow Jones sporting a beatiful Wedge with an RSI Indicator below (Momentum) that shows a negative Divergence. We can also observe that the RSI has not revisted the yellow BEAR-ZONE since March. The next correction will relieve some of the pressures in the Momentum Indicators and it will be key to see how deep, if at all, the RSI can penetrate the YELLOW zone. If it stays above then the BULL will stay intact for another round, if not things will look differnt......