NYMO chart

NYMO chart

The NYMO chart as you can see does not like to get above the bollinger band lines, so it is telling us that even if this rally after today sticks, it is saying not to get too excited.

The Bears have been in control of this market since the 1st - 2nd of August, and my own interpretation of that is that they still remain the heavyweight undertone for the market for now. The next few weeks will be critical as we have the SYRIA tensions mounting, and also FED tapering announcement coming out in a few weeks, but our VIP MEMBERS HERE understand our take on that.

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NYMO chart

NYMO chart

The NYMO chart is not lying at the moment, meaning there could be some upside on the market coming, but the bears could do some damage next month, even some real serious damage looking at this chart. I guess we shall soon see.

NYMO chart

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nymo shows the way

The NYMO chart below is telling us the market is taking a break right now, and does not look healthy at all. Its currently at -43.

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NYMO chart

NYMO chart

We are -57% on the NYMO.

The NYMO tends to trade around inside the bollinger bands quite nicely and as you can see it does not like to trade outside of these. Only on rare occasions does this happen. We are again close to the bottom bollinger, and even though the market is very overbought we seem to be holding quite well.

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