On CNBC’s “Futures Now” Thursday the managing director of Louise Yamada Advisors said there are three charts that show how the post-election rally has gone “a little too far, too fast.” According to Yamada, the Dow Jones Industrial Average is in a “sideways consolidation” that could signal “a pullback of about 5 or 6 percent.” Her chart of the Dow shows that the index has traded in a range of about 1.
A Veteran Technician Suggests why these three charts could signal a 5% pullback
The post A Veteran Technician suggests why these three charts could signal a 5% pullback appeared first on .
This post first appeared on Daytrading With Forex Training For Forex Day Trading, Stock Market Trading And Emini Trading, please read the originial post: here