Home > heikin-ashi > Sotheby’s and the Equity Markets $BID $SPX $SPY $DIA $DJIA

Sotheby’s and the Equity Markets $BID $SPX $SPY $DIA $DJIA

November 15, 2012

It’s known that Sotheby’s $BID acts as warning for the equity markets.

$BID is near an important support but it displays a (bearish) Head-and-Shoulders pattern with an objective (around $23) that goes below the dashed neckline and support.

Conclusion: Expected bounce at the July-August support and later, a breakdown towards meeting the price target. If the relationship $BID :: $SPX remains unchanged, we can expect the S&P-500 $SPX going below 1,320.

 

Sotheby's and the Equity Market $BID $SPX $SPY $DIA $DJIA 11/14/2012

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