Tuesday, September 29, 2026

The Stock Decline Falters

 9/29/2026


 This ratio chart of Hedge, bear, vs INDU bull, looks like the month long rally where Hedge outpaced the DOW is tiring. PMO  and RSI, bottom and top are, well, toppy.

SPX Hourly


 This hourly chart of the SPX looks more like it wants to go up than down. 

This makes little sense with so many variables, mid terms, oil prices, interest rates but here we are. 

  If the parallel to 1987 and  1929 is going to hold to any degree, the decline needs to resume.

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