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Market Outlook – 11.21.2012

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by Gavin in Market Updates
November 21, 2012 0 comments

I saw a couple of very interesting market thoughts and charts today from Peter Brandt and San from Nifty Charts.

Peter Brandt is getting bearish, taking the opinion that this is purely a dead cat bounce.  There is also and 18 month rising wedge formation on the weekly chart and a head and shoulders patter on the daily chart.

San took a look at the QQQ today and is also bearish.

Enjoy the charts below and let me know what you think in the comments. Happy Thanksgiving.

 

Dead-cat-bounce

11.21_ES57_weekly

11.21_ES57_daily

 QQQ

QQQ2

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