BC
Short

S&P 500 correction imminent.

BC  
FX:SPX500   S&P 500 index of US listed shares
588 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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