Witness the nearly 50 point drop in the S+P 500 from its all time high of 2914 on 8/29 to it's recent low this week at 2866 So then it's almost a no brainer. although some bulls actually work at it. But with little analysis or time study required, they know to simply to "Buy the Dip" , The mentality came thru again this week,and the market to rose back up, and...
S+P 500 has resolved it's indecision pattern to the upside this morning. I am closely watching RSI Divergences,with the All Time High of 2916.50 on 8/29/18 as well as seeing if the VIX diverges with a higher low from its 8/28/18 low of 11.87 At this point, I am not willing to give the bullish case the complete benefit of the doubt, based on those divergences I...
S+ P Futures for Dec,2018, new front month contract is building towards a major breakout in price. Divergences in RSI,in different time frame combined with close observation of the VIX will be helpful in determining the eventual conclusion of the pattern. Pattern suggests price could go either way. Head and Shoulders Inverse Bottom in place a very bullish...
I have changed my opinion of the S+P 500 this morning from Long to NEUTRAL or FLAT 2892.52 High on 9/11, .52 Above Chart Resistance and prior Stop has proved to be genuine RESISTANCE. Potential Double Top Resistance. 5 Minute RSI has been falling since 2892.52 Peak yesterday and is confirming the decline back towards 2881.39 Weekly Open. THE_UNWIND It w
Too often, traders become fixated and stubborn in their opinions of the market. Then they vest a trading position based on those beliefs, often taking a much larger position then they normally do, based on their unshakable beliefs. And therein lies the problem. Often, in fact too often, the market outsmarts a trader and they are suddenly faced with an...
Short Dow CLOSE Below 25800 on 9/11/18 4 Hour Chart Support If Violated on the Close Immediate Downside Projection to Dow 25608 THE_UNWIND
Dow Industrial Average has had a Strong Bullish Reversal on 9/11 holding very important support at 25800. Intra-Day Low of 25754 on 9/11 is now Major Support. THE_UNWIND
S+P 500 has had a Clear Strong Bullish Reversal, as anticipated on the OPEN on 9/11/18. ( Read Prior Updates) 2866.78 Low on 9/11 was right at 2867 2 Hour Major Support. Trend has now reversed to the UPSIDE in the S+P, until further notice. THE_UNWIND
Latest jobs report 9/7 /18 confirms STRONG wage growth at almost 3 % Fed 's credibility is being confirmed by the marketplace. as they are on track to raise rates 2 more times in 2018. Dec.2018 just got priced in as almost a done deal, baring the unforeseen. BUY TBT, 3 X Bear ETF , and look to add to position on any pullback Highly Leveraged play on higher...
VIX is forming a potential Bullish CUP and HANDLE Formation with it's decline on 9/10/18. The idea here is simple. VIX is falling back to it's breakout point of last week in the13.98/13.78 area which was coincident with the SPX falling below 2890 last week. It is important to follow the VIX closely throughout each trading day, Important clues about future...
This is "Weekly Preview", the first in a continuing series of weekly updates of TREND ANALYSIS for TRADERS in the S+P 500. Each update shall identify important trading band price numbers for the week ahead. Important Disclosure: This is my own proprietary evaluation, presented solely for educational purposes to the members of the trading community. ...
Sell ! Break of 2870.00 Sept.S+P Futures for 9/7/18 trading. Would be Second Confirming Break of Neckline Pattern Support. Immediate Downside Target Potential to 2835.00
BUY ! SEMICONDUCTOR 3 X SHORT ETF SOXS Semiconductor Stocks = Technology Bellwether Group. LEADING THE MARKET TO THE DOWNSIDE ! THE_UNWIND
S+P Futures Continue to Drop Inside a Scary Downward Rollover Pattern. ES 2850.00 seems to be the downside target. Time Wise : By 9/12/18 THE_UNWIND
S+P 500 Sell! Break of 2860 Anytime on 9/7/18 Full Pattern Breakdown = CAPITULATION Bulls keep waiting for a rally that never comes. Reward : Move to SPX 2805 -2800 ! THE_UNWIND
The DAX, Germany's Stock Market Index is in clear jeopardy of violating its 9 Year Bull Market Up Trend Line. The implications of the potential break to the downside of this multi-year trend line in Germany, often seen along with the FTSE as a forerunner to the US market, bears close watching in the days and weeks ahead. The effects and potential contagion of...
The VIX Bottomed on 8/23/18 at 11.65 with the S+P Low that day at 2854.03 Now think of this for a moment As the S+P was RISING an ADDITIONAL 60 + Points to the All Time High of 2916.50 on 8/29, The VIX Instead of Falling , was beginning to rise, and continues to rise thru 9/7/18 poised for what is now a potential major breakout to the upside, which would be...
S+P Futures for Sept OPENED at 2870.75 at 1pm NY 9/6/18 The 1 pm Open Confirms a" Rollover Top" Pattern execution. Trend is now BEARISH. Pattern has downside potential to 2850-2825 Unless Reversed by a sharp snap back rally from oversold conditions. Strong Support in the ES 2870 area so be aware of potential sharp rallies back towards 2890. USE 2891.25 Stop...