Commercial net interest was stronger at the current yr 2015 lows than at the yr 2011 lows and yr 2007 lows before the yr 2007 ath. Both yrs 2007 and 2011 the commercial long signal resulted with the ES making a new all time high. I don´t know if price will follow this signal again. However price history can rhyme which could thrust the ES to new all time highs...
Using Tim West´s long short filter set to 4-16 emas years 2000 & 2008 corrections were identified. The 4-16 emas also gave a bear signal in years 2010 & 2011 which were false signals. Yet when using this system along with T3 mvas 5 -20, years 2000 & 2008 experienced a bear cross along with the 4-16 emas. Years 2010 & 2011 the T3 mvas did not cross showing the 4-16...
SPY not showing strength . Bearish Gartley has completed. Any run ups into the 1.618 extension should be sold. This will still be valid Gartley territory. Divergence on the RSI On Balance Volume has not been able to make up volume lost from last week and has broken it's short term trend line. MACD crossover and short term momentum has swung to the downside.
Bear market is over after such a massive break of 2015 range? Not yet! Expect more over the next few days... this leg is incomplete, I expect 5 waves down from here. The market needs to capture a bit more sheeps that are conditioned to 'buy the dip' for the past 7 years to go even further below. ------------- 1857 range should be OK to take some short term...
During the recent selloff, Apple on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 109, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 92. On short term basis, the price managed to hold 1-year ascending channel (marked...
3M price is in a very tricky situation... On long term basis it failed its 5-year (260 weeks) uptrend test by falling below the 1st upper standard deviation from 5-year mean. It's 10-year uptrend is still intact, as price is trading above upper 1st standard deviation from 10-year (520 weeks) mean. On short term price is in downtrend on quarterly basis (below 1st...
On the chart, we see two very strong patterns: Three Peaks and Domed House /bearish/ and Descending Broadening Wedge /bullish/. One of them is lying. en.wikipedia.org thepatternsite.com thepatternsite.com
On the weekly chart of DOW Transportations index we can see that market has been trading bullish since the star of 2012. It has already made four waves up, with blue wave 5 in the making. On the Daily chart we see that price completed an ending diagonal in red wave c of blue wave 4. Price may now reach higher levels in blue wave 5. www.ew-forecast.com
On the weekly chart of DOW Transportations index we can see that market has been trading bullish since the star of 2012. It has already made four waves up, with blue wave 4 in final stages. On the Daily chart we see that price is trading in an ending diagonal in blue wave (c) of red wave y. After the correction is completed, price may price may turn higher. When...
S&P500 have been building a market top since the start of October 2014 in a rising wedge fashion. Since last Thursday (4/6/2015), it looks like it is finally ready to roll off having closed below the support line for the first time. It made a new high at 2137 in a relatively low volume but failed to push past further. This time I simply do not expect it to...
Using Dow Theory, I see us being in a long accumulation phase of a bullish primary trend. If we break the $86 resistance we could go into another bullish public participation phase. If we drop below $78.4 we could see a bearish public participation phase.
On the weekly chart of DOW Transportations index we can see that market has been trading bullish since the star of 2012. It has made big three waves up so far with an exetended structure in blue wave 3. So now we expect a pullback in wave 4 to 8300 or possibly even down to 8060– 7680 area, where support is seen at previous wave ((iv)). On the Daily chart we see...
Decline to 17683 completed wave X and the Index has since moved higher. From wave X low, the rally took the form of a zigzag a-b-c, where wave a ended at 17971, wave b ended at 17909, and wave c of (w) completed at 18208. In our last Chart of The Day update, we said that wave (x) pullback is in progress towards 17807 - 17946 (50 – 76.4 back), and buyers should...
Dow has been in a long term uptrend and has been squeezing up between trend lines that it has been bouncing up and down. The question is will it continue doing so and if yes for how long as the space is almost squeezed out. The next deciding level for DOW is around 18550 to 18700. That is when it has to decide either to break out, continue consolidation by going...
I've been doing this analysis by hand since April 28, 2015 in a spreadsheet at Google. 4/28/2015 1:30 PM 46.70% 53.30% 18111 17960 4/29/2015 9:44 AM 40.00% 60.00% 18083 17975 PFE, MRK reported 4/29/2015 2:26 PM 46.70% 53.30% 18055 17975 4/30/2015 9:55 AM 46.70% 53.30% 17968 17970 4/30/2015 10:47 AM 43.30% 56.70% 17930 17977 4/30/2015 3:54...
US stock markets have proved their resilience over the years as they have climbed a "wall of worry" and my my my, it has been some wall they have been scaling. It would be foolish to call the top in any market that has displayed such steepness in its ascend but it is evident from the chart that we have hit some long term resistance levels. - Triple Bottom...
Ahhh so many lines! I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE $DIA (to compare industrials vs. broader market a la...