NextWave

NextWave

Was the last 17 months a breakout consolidation with a new multi-year Bull Market to follow? The DJI chart examines the previous multi-year Bear Markets with initial breakout consolidation and ensuing Bull Markets. Similar market structure is now in place for the Bull Market to continue. Time will give us the answer.

NextWave

Yearly downtrend reversal, Bear Market disruption! Swing high breakout with potential all time high on tap.

NextWave

Update from August 25, 2015. Yearly downtrend confirmed. Potential Target Zone. Check back in another 5 or 6 months to see how it has progressed.

NextWave

The Chart is self explanatory.

NextWave

Just as the Bears failed at 2040 the Bulls have failed to take out the high at 2135. Back to neutral as the price and technicals could not confirm a new uptrend. Another failure to take out the highs would bring another test of 2040. A break of 2040 with further technical breakdown could potentially take the SPX down to the October 2014 level.

NextWave

The Bears had their chance. SPX 2040 remains strong support. Possible retest before a strong new uptrend begins.

NextWave

Harmonic Butterfly pattern inside final termination of Ending Diagonal. Pattern void as noted on chart. Above 215 Larger bullish trend continues. Update: This Pattern is Dead.

NextWave

Triangle breakout with 1.272 Fibonacci cluster resistance @ 2142

NextWave

Divergences between the SPX and NDX have continued to show weakness in the following week(s). The question is will this be the case in the coming week, or does the cycle break and the markets move higher?

NextWave

Apple gapped into the .886 fib on both the Oct & Jan earnings. Think and trade like a quant.