Wednesday, August 24, 2016 8:28 PM EDT
As we enter the final week of the summer of 2016, the following is a list of ETFs with a weekly intermediate term list technical overbought or extended reading of 9.
These numbers signify in the left column (buy to close short) or right column (sell to close long) if so positioned.
Results from daily, weekly and monthly views may reveal a numeral "1" which would serve as a heads-up a numeral "2" (signifying a market change may soon appear) indicating to "close an open position".
These numbers signify in the left column (buy to close short) or right column (sell to close long) if so positioned.
Let’s see what happens.
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Disclaimer: The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell only any security. Market sectors and related ETF's are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotation's aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com
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