chart from Daneric
TA often seems complicated (and Elliott wave and Gann can be classic offenders ) yet what is a chart essentially but an attempt to identify trend (or lack of trend) and what is trend but higher lows and highs or,as here,lower highs and lows ,which seem to be emerging on these admittedly short term charts
We can see here that the Russell and Nasdaq seem to be leading the other markets....bulls will say this is "just rotation"
channel target for the Dow chart
TA often seems complicated (and Elliott wave and Gann can be classic offenders ) yet what is a chart essentially but an attempt to identify trend (or lack of trend) and what is trend but higher lows and highs or,as here,lower highs and lows ,which seem to be emerging on these admittedly short term charts
We can see here that the Russell and Nasdaq seem to be leading the other markets....bulls will say this is "just rotation"
channel target for the Dow chart
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