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August 27th, 2014: SP-500 and DJIA-30 Weekly Charts

Posted by pugsma on August 27, 2014

10:10 am EST:  At the weekly chart level both the SP-500 and DJIA-30 price charts with technical indicators of RSI(14), MACD(12.26.9) and Full STO show an extremely long time frame build-up of confirmed double negative divergence and potential  triple negative divergence dating back to May 2013.

This is consistence with a P3-C1 top occurring here and a significant (-10%) P4-C1 correction.

SP-500 Weekly Chart with Indicators:

PUG SP-500 weekly with indicators 8-27-14

DJIA-30 Weekly Chart with Indicators:

PUG DJIA-30 weekly with indicators 8-27-14

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