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This is an update from the previous S&P500 analysis. The market once again failed to stay over the critical 2900 lvl. Quick selloff occurred and the short-term support line was broken earlier this morning. A back test to 2840-2850 lvl is possible to further confirm the break out to the downside. However, the psych lvl of 2800 seems like a solid ultra-short...

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This is the newest update from previous analysis. The S&P500 tested the resistance above 2900lvl and dropped back down. The support of the channel was broken later last week and the price went on to a passive selling scheme. A back test to the 2880lvl MA dead cross is highly likely, and if we failed breaking up, 2720 lvl would be the first target that shorts...

menrge Updated 

This is an update from the previous analysis. The S&P has once again claimed up to near 2900 lvl. This is a CRUCIAL level to watch for short term price action. The rebound from 2720 last week is likely a fifth wave up in this intermediate bull trend, and we shall see what happens at 2900 this time. The tight ranged from 2720-2900 is going to confine the price...

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This is another update on recent S&P500 price actions. Short-term ascending wedge broken was confirmed on last night's future trading session. Once the market moved out of the current zone, 2650 will be a target to look at. The market is news driven. Although technical analysis points to a clear intermediate decline, nobody knows what the Fed and the White...

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This is an update from the previous analysis on S&P500. The 2900 lvl resistance is quite strong, and the market drifted lower in the second half of trading. The wedge pattern was broken down, however, the supporting zone directly down below from 2730-2800 is also strong. Both short sellers and long buyers should continue watching the 2900 and 2800 lvls to...

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Gold has been performing really well thanks to the Fed and worsening outlook of the global economy. However, from a technical standpoint, the break down of the recent upward trend line gives gold a short-term target of ~1640. Given the fact that gold has rallied 20%+ in three weeks, at the crucial 1700 level, a healthy consolidation is preferred for longterm holders.

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The wedge pattern is approaching the end and the market needs to select a direction. Although everything seems "really good", or at least the market thinks it is, we are definitely in one of the most speculative environment in the market history. Every piece of bad news is neglected, and people expect the economic activity to go back to at least 100% the...