The stock market in the US has corrected significantly indices like the Dow and Nasdaq 100 are clearly flashing sell signals, according to a savvy market observer I talk to on dreaded golden cross breakdowns. The S+P 500 is ready to do the same thing 50 Day SPX 4476 crossing below the 200 Day a SPX 4467 which occurs when 50 Day Moving Averages, cross below 200...
SPX 4300 is MAJOR SUPPORT in the S+P 500, and it held again today, after being violated this afternoon down to 4267 LOW. So the question is was that a selling climax today or is there much more downside to come targeting 3800 ? As long as 4300 holds on a closing basis, buyers will be trying to take the market higher, after today's successful test Traders...
S+P 500's sharp bull rally back up to 4589 this past week ser a "classic bear trap", as a wise market observer noted mid-week. However,the "key prior Support" level that the bulls needed to overcome the Dec 2021 low, now resistance of 4595 was never taken out. And so back down they went with a bear trap, now just as suddenly turning into a bull trap Thursday's...
There is something bad in the air. Their is a chance that the stock market in the US,could crash. I am not an astrologer, but I have believed strongly for many years in the pull of the planets, and it's impact/effect on human beings at the most extremely difficult times. The stock market in the US right now is under the gun, and it's in a highly risky technical...
In my last post on Tradingview.com post dated Jan 4,2022 I alerted readers and followers that a proprietary "Sell Signal" had been rendered in my work, on the benchmark S+P 500 on the afternoon break of 4803. That proprietary sell notification proved to be extremely prescient, as it turned out to have been almost an exact call of an historic top"in the S+P...
S+P 500 gave a late afternoon Sell Signal' in the last 30 minutes of trading today, in my work The rally back from the low near 4474.77, back to 4807.64 was once yet again a "bought" by the "Buy The Dip"/ Short Covering Crowd. As if it's a one trick pony to instant wealth. I looked at it As a day trader myself, "the urge" to buy today's late 30 point S+P...
As the S+P 500 has risen straight up in the last trading days of 2021, the angle of ascent ( Shown here on the 30 minute chart) has created an air of invincibly, as prices have continued to rise. Rarely seen, at this point in a decade long bull market, a phenomena of a market that simply refuses to correct, this continual advance has slaughtered naysayers and...
Traders coming back from the US Thanksgiving holiday, have been ambushed, and caught leaning the wrong way, as stock futures tumbled 1.50 % in overnight trading. The cause is a plunge in stock markets across the globe, as news spread of a potentially new and dangerous new covid variant. Major market tops are always made when the crowd is completely fooled. The...
The stock market in the US is potentially near an imminent and very sharp price decline. Credit risk spreads have increased markedly in November, as investors are demanding more dollars to hold riskier corporate US paper, in case of default. HYG, the high risk bond ETF, which peaked in 2007, prior to the financial crisis in 2007-2008, has failed to make a new...
The breakout to new all time highs above 4600 in the S+P 500 has upped the "ante" substantially on a RISK ON "Blowoff Market Top. Assets highlighted by stock market valuations and real estate prices worldwide driven higher by Central Banks worldwide "once in a lifetime" monetary policy of over stimulation, regardless of debt consequences, are all locked now in a...
For those who look to unworldly like market events, and try to explain them logically, then the all time record high today in the S+P 500 should be on your top ten list of all time. Never have I seen a technical pattern unfold like this one before. A completely valid "rounded top rollover pattern, with almost precise time measurements in "price fall", ended up...
The major price peak, or "Top" created in the S+P 500 on Sept. 2, 2021 at 4545, is clearly defined,and importantly for this analysis is still "undisturbed" by this weeks sharp rally. ( See Attached Chart ) The "top " stands out glaringly, almost like a Mount Rushmore peak unscaled. As I've updated my charts this weekend, I've had to reconsider the implications...
S+P 500 Daily RSI "Confirmed" today's breakout , by rising above it's previous daily high reading ( See Chart ) However, at the same time as it's done that, today's breakout rally has risen right back into major S+P chart resistance between 4430-4480. Wide range, but with tomorrow being options expiration for the big month of October, expect a very...
S+P 500 gapped up strongly today above important 4430 resistance as major money center bank earnings from Bank Of America, Citibank,and Morgan Stanley easily surpassed Wall Streets lowered "expectations" As shown on the 4 Hour Institutional Chart, the upside breakout achieved today in the S+P 500 was formed from a "complex bottom" centered around major S+P ...
If you've noticed, the stock market has begun to sell off in the last hour of trading. A bear market characteristic. It shows that "big money" continues to unload stock, not wanting to potentially have to sell "lower "the next day Also, and this is important, intra-day "rallies" are forming "tops" in price, on the 30 Min SPX chart. where price is not going...
To update my last post, for those who have messaged privately for the market to turn bullish , bulls need to achieve a break out above resistance at S+P 4430." Below that, bears continue to be in control, and risk will only grow the longer price stays below that important number. Yesterday's "bull trap" afternoon sell squall, after reaching SPX 4415 in the...
The market's rather explosive snap back rally,from the "building bottom support" at SPX 4280 this week, now has traders simply asking "is it real " ? If one simply looks at the "broadening top" pattern that is in place in the S+P 500 since the all time high of 4545 on Sept 2, ( Shown here with my Annotation ) you can see the very bearish rollover pattern,...
S+P 500 sharp snap back rally this morning in the " current rounded top chart pattern" hit very important resistance at 4429.97 which was the Monthly July 2021 High. Monthly Charts are extremely important to trend continuation, providing important resistance on "bear rallies" Big money knows these numbers like the back of their hands This "sudden burst" upward...