S&P 500 correction imminent.

FX:SPX500   S&P 500 Index
589 1 0
UPDATE: The 200 DMA is still in play with the confirmation of a weekly TD             sell signal the week of Dec 13, 2013.

UPDATE: A bearish price flip confirmed the daily TD             sell signal with TDST 1680/1656 ( futures ), which is near the 200 DMA. A bounce off the 50 DMA back to the 1790 area is likely first before a resumption of the decline.

UPDATE: One more close for the SPX             cash and futures above the high two days before and a daily TD             sell signal perfects (aggressive criterion has already been met) within the stops for the coincident mega-bearish weekly and monthly TD             sell signals that perfected in Sept-Oct. The coincident daily, weekly, and monthly TD             sell signals are as bearish as the method exhibits, matching similar sell signals that occurred in 2007, 2000, 1987, 1973, and 1929.

It's time to sell and step aside from long positions for the next 12-16 months.

UPDATE: Bar 11 of 13 of a TD             Sell Countdown qualified Nov. 25. A TD             Sell Countdown could perfect as soon as Wed. or Fri             . this week, which will coincide with the 9-13-9 weekly and 9-13-9 monthly TD             sell signals with stops at 1817 and 1835. The clustering of coincident daily, weekly, and monthly TD             sell signals is the strongest signal ( bearish in this case) exhibited by the TD             method. If so, "the" top is occurring ahead of a cyclical bear market lasting into late '14 to early '15. Will the algobots take out the stops? Time will tell . . .

UPDATE: So far the TDST stop at 1794 has held, but just barely. A daily close above 1794 would qualify a bar 8 of 13 of a TD             Sell Countdown, implying a minimum of 5 days hereafter to qualify and/or perfect a daily TD             Sell Countdown sell signal and a possible eventual test of TDST support in the 1680s-1700.

UPDATE: There are increasing signs of deteriorating broad market breadth , which is characteristic of tops, including the Summation Index, McClellan Ocscillator, up-down, highs-lows, new highs, etc. Bullish complacency is at or near unprecedented highs, reflective of full faith in the Fed's digital printing press and offshore shadow banks' dark pools and exchange-sponsored HFT             algobots to keep the indices inexorably melting up in a log-periodic bubble trajectory.

UPDATE: A possible EW setup is occurring for a projection to the SPX             1700s-20s.

A hold of 1680-1700 would imply another rally to test the high or higher.

A daily close below 1656 implies a test of the 200 DMA.

The NY Fed, offshore dark pool traders, and algobots are watching . . .
1700 is so far away!! do you see any points to add to your short? thanks
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