*** Technical Top on NCP, DOW and ASX 200 Index

  1. 346 Posts.
    Check your daily chart on NCP and most technicals show overbought signals today with potential for downside after tonight's US profit release. How many times do stocks run ahead of the fact and sell off even on a good results? Check the Bollingers, RSI, Momentum, etc and the divergence to the downside.

    Also IMPORTANTLY, this coincides with last nights Highs and resistance on the Dow Dones and Nasdaq - shooting stars and Open close reversals.

    Also, today's SPI chart hit major resistance at 375.

    Have a look.

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