Leibovit Negative VR signals forewarned of current decline. On the daily for DIA (DJ Industrials ETF) a Negative VR signal was flashed on November 5 (that is seven days back). Flipping to the weekly chart an ominous Negative VR was just formed last week and the question now arises whether we're going to mirror a similar pattern formed back on July 20, one month before the August 24th flash crash. In both instances my 5/3/3 Stochastic Indicator provided and is now providing downside confirmation. This is Options Expiration Week and tomorrow is a potential 'Turnaround Tuesday'. With the Paris terrorist attack upsetting financial markets and the markets heading south, the question now arises whether such 'outlier' events will change any Federal Reserve plan to raise interest rates in mid-December. Borders, Language and Culture now come to the forefront for all nations.
Happy Trading.
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