Technical Analysis and Outlook NASDAQ 100 index's The Intermediary Up Trend, is standing at the completed state. The Trade Selector Signal TARC (proprietary symbol) formed at Key Res $11,267 has been retested and ready for the take-off to the next Inner Index Rally $11,595 . However, a retest of Mean Sup $10,920 is not out of the question. See the 'Weekly...
Technical Analysis and Outlook Trade Selector Signal hits a bullseye - We came, we saw: BULL EYE!
Technical Analysis and Outlook Trade Selector Signal hits a bullseye -We came, we saw: BULL EYE!
Technical Analysis and Outlook The small-cap Russell 2000 index gained 2.2% for the week. The index hit our uptrend movement projection to Inner Index Rally $1,365 and Key Res $1,350 , respectively, on April 29th. The short term downside support is tapped at Mean Sup $1,250 and prone to go down to Mean Sup $1,185 before thrusting the retest of the Key Res...
Technical Analysis and Outlook The precious metals market - Gold could not expand above primary first Mean Res $1,514 while the other two-stars resistance levels Mean Res $1,533 and Key Res $1,550 are looming above. Once the Gold began reversing yesterday morning, it took out the first Men Sup at $1,487 as the heavy selling picked up. The critical...
Technical Analysis and Outlook The broader S&P 500 index advanced for the third consecutive week, advancing 1.2% and almost setting new record highs as traders and investors remained delighted with Q4 earnings reports. As the index leaving the Key Res $3,026 behind and ramping higher, the session closing record high and sneaking within 0.6 points of the...
Technical Analysis and Outlook The Euro Dollar bearish price action is in a corrective mode and well established following completion of the Outer Currency Rally $1.1173 , and formed Key Res $1.1173 'TARC' - Sell signal. This could worsen as the price was to drift to the support zone of the Mean Sup $1.1031 . The $1.1031 price level from this position is...
Technical Analysis and Outlook The U.S Dollar index (DXY) is in line to post a bullish reversal which would require to be confirmed with a retest of the Key Sup (BARC) $97.15. But, there has been one 'precious' angle of the U.S. Dollar, which now changing with completion of Inner Index Dip $97.15 . Possibly until next week, the DXY will move very considerably...
Technical Analysis and Outlook Gold held a significant level of $1,500 price, which is a bullish setting, following completion of the Outer Gold Dip $1,46 0 and validating with Key Sup of $1,473 (BARC), while staying above Maginot Line $1,475 since October 1. Ahead now is Mean Res $1,533 . A breach of that would validate a breakout and leave the door open...
Technical Analysis and Outlook Silver road-map is now taking place in the Silver market. Silver also completed Silver Dip $16.92 , validating with Key Sup $17.00 and 'BARC' symbol, while holding the Maginot Line of $17.50 . The price action within and above the $17.50 against the $17.00 Key Sup has this week sparked rally towards the resistance level of...
Technical Analysis and Outlook Market sentiment and internals have been going off their earlier September 'overbought' postings, revealing more of a bullish to neutral condition with current market trend shapes. The index path of most limited resistance is to the upside: Mean Res $3008 after hitting Mean Sup $2960 .
Technical Analysis and Outlook The S&P500 index closed higher and by doing so, obsoleted the relatively weak Key Res 3016 . The higher-range closure sets the stage for a steady to higher advancement towards the Inner Index Rally 3040 , and ultimately to the Outer Index Rally 3125 (The sixth phase). Currently, there are no significant resistance levels: the...
Technical Analysis and Outlook It seems like we have a currency war. Euro Dollar sank after dovish Super Mario - Draghi comment and surged after dovish Fed chair Powell remarks. The short-term surge of the Euro Dollar trend sentiment remains semi-bullish and current rebound is producing push into Outer Currency Rally $1.1376 . The relatively weak Mean Res...
Technical Analysis and Outlook The Bitcoin currently is in the steady to higher trend heading towards Inner Coin Rally $6590 and Outer Coin Rally $6760 - there are no resistance levels. On the downside, we have stable Mean Sup founded at $5690 , along with Key Sup at $4916 located significantly lower- primary uptrend rally setup.
Technical Analysis and Outlook The SPX index after completion of inner Index Rally 2840 is establishing minor Key Res 2833 , while meantime is very likely to decline to our initial Mean Sup 2814 . The significant additional support is found at Mean Sup 2744 , and Key Sup at 2706 . On the upside, there is an open path to the next Inner Index Rally 2880 ....
Technical Analysis and Outlook The SPX index after continuously moving steadily to higher completed its Inner Index Rally 2840 as projected on March 2 chart analysis, as relatively weak standing Key Res 2814 has been obsoleted in the meantime - there are no major resistance points at this time - The next intermediate outcome is Inner Index Rally 2880. On the...
Technical Analysis and Outlook WTI crude oil is progressing towards next Outer Oil Rally $61.73 as well as Inner Oil Rally of the same price following an Oil Rally $58.40 completion on March 13, while there are no major resistance levels at this time. On the downside, we do have Key Sup $55.15 to entertain in event market breakdown. (For Market Commentary...
Technical Analysis and Outlook With Gold completing phase 1,2 and 3 of Stage 4 Gold is now position to reignite the up-move. First sturdy resistance stands at Mean Res $1313 , and the second phase of the up-move holds a very well established Key Res $1341 . On the downside we have newly created Mean Sup $1285 . (For the latest market talk, please see the site...