CapeAfrican

CapeAfrican Updated 

Holding short the 3900 Triple Top Some interesting similar patterns Overbought and Divergence on the oscillators Note June 3 tops on the Oscillator - before Drop - see fork Now July 3 BIG tops on the Oscillator - 3 BIG tops chart similar drop incoming b]In the face of Poor EPS numbers on the Techs - I bad AAPL will ruin the whole bunch GDP number next week...

CapeAfrican Updated 

Trading between 25% and 50% FIBS MAY complete last wave to 3900 – then Reverse Potential Triple Top -Strong Resistance Divergence On the Oscillators SP500 and US100 also has a similar flag - Hopefully TSLA MSFT GOOGLE APPLE AMZN eps will tank this market as all reporting in the next 14 days - and 7-21- Europe drops 10% if the Russian gas does not get turned...

CapeAfrican Updated 

SP500 and US100 also has a similar flag - Hopefully TSLA MSFT GOOGLE APPLE AMZN eps will tank this market, as all reporting in the next 14 days -ON 7-21 Europe drops 10% if the Russian gas does not get turned back on after maintenance – and 7-28 - 2nd quarter GDP numbers confirming recession 7-29 the Fed explains why another 3/4% hike scheduled for Sept ......

CapeAfrican Updated 

Euro in a long term downtrend. Head and Shoulder Pattern I see a bounce was made and current resistance holding after 3X attempts at $1.06 Failure here and it will retrace to the next support/resistance line at $1.05 Failure to break on the right shoulder --repeating the same pattern as the head did.... Eventual break to $1.037 Divergence on the OVERBOUGHT oscillator

CapeAfrican Updated 

Same Idea Yesterday - It Stands... Jobless number drove up yields. Stocks shook it off. 10 year is over 3%. Maybe CPI next week will be over 8% and finally knock this down. RSI and Oscillators all over bought and that resistance of 3920 holds since MAY. Double Top Will follow the FIB/Fan lines down

CapeAfrican Updated 

Resistance at 3850 Bearish Divergance on the oscillators Twice rejected - Followed the Fib line down

CapeAfrican Updated 

Hoping this breaks down as the chop is discouraging. The 3800 is resistance - unable to clear it ... Both the RSI and CCI overbought and trending down in a small divergence. Bollinger Band has really Narrowed - Like a Spring - So the break will expand the Volatility Any time J Powell speaks it rallies ONLY to tank the day after... My time frame is a week and...

CapeAfrican Updated 

SPX retraced the last move down by 38% - and moved back to the old support of - 4150- 4180 where she bounced 3x in March -That is now resistance. Both Oscillators (RSI and WaveTrend) have already turned down - making this a good case for a Bearish divergence...from that overbought position. The Gann Fan and Fibs agree and I suspect SPX will follow the...

CapeAfrican Updated 

PAGING THROUGH THESE CHARTS... I SEE A CONSENSUS AMONG THE IDEAS MANY ARE CALLING FOR SELL ON THE DAX AND THE SPX AND THE NASDAQ AND THE NIFTY 50 AND THE BANK50 EACH ARE USING THEIR OWN ANALYSYS AND HAVE THEIR OWN REASONS...AND THEIR OWN TIME FRAMES?? I AM NOT SMART ENOUGH TO COME TO MY OWN CONCLUSIONS - BUT ARE NOT THESE INDEXES AND GROUPS PART OF A LARGER...