The STI continues its climb to test 3108. Pivot 2920 Long positions above 2920 to test 3108 and 3270 Short positions below 2920 for 2871 and 2813 Looking at the monthly chart of the STI since 2007, the STI has been in a broad range between 2580 and 3898. A break of 3108 will test the 2 year downtrend cap on price since 2018. A break and hold above 3270 most...
The long signal at 3471 on 051120 is still valid with on the daily charts with a pivot at 3653. On the 4hr charts, volatility is picking up with wide corrective moves and violent rallies. This is often symptomatic when equities grind to new highs with portfolio repositioning and sector rotation occurring (US banks are rallying as an example) Pivot 3653 As long...
After 5 weeks of hibernation, the STI breaks range and targets 3108. Property and bank components are leading the charge. 3108 is the LT supertrend line that has capped the STI on a downtrend since 1st Oct 2018. The SSSA line on the monthly charts sits at 3270. Only a break and hold above 3270 on a monthly basis will return the STI to an uptrend. Pivot 2892 Long...
The SPX closed bullish for all time frames including the monthly charts that leads the way for more gains into 2021. New all time highs are expected in the first trading week of 2021. Short term Pivot is at 3725. A break of 3725 will test 3653 and 3508
The range between 2786 to 2873 maintained. The short signal issued on the 301120 at 2841 targeting 2767 is still VALID. PIVOT 2872 Short positions below 2872 targeting 2783 and 2668 A break above 2872 will target 3108
The SPX is in a range between 3590-3731 since 091220. A short signal has been issued on the 211220 at 3691 targeting 3590. PIVOT 3731 Short positions below 3731 targeting 3590 and 3317 A break above 3731 will test ALL TIME HIGHS.
The STI has been entrenched in a tight range since for 4 weeks between 2783 and 2872. The short signal issued on the 301120 at 2841 targeting 2767 is still VALID. PIVOT 2872 Short positions below 2872 targeting 2783 and 2668 A break above 2872 will target 3108
STI short signal on 301120 still valid with a 2767 target. PIVOT 2877 A break above 2877 will test 3108. A pullback from 2877 will test 2783 and 2767
A Long signal on the 4hr was issued on the 161220 after a brief dip to 3629 setting another All time high at 3733. Will multiple time frame bullishness, we expect a strong close into the year end PIVOT is 3686 A break below 3686 will see 3590 then 3487
The STI short signal on 301120 is into its 13th day with an initial target of 2767. Pivot 2767. A break below 2767 will test 2748 then 2668 A hold above 2767 will see 2925 and 3108 STI LT downtrend. MT uptrend. ST range.
The SPX has a short signal on the 4hr charts at 3674 101220 targeting 3565. Pivot is 3672. A break of 3672 will test 3696 and then All time highs A dip below 3672 will test 3565 then 3475
The SPX is bullish on ALL time frames and appears to have broken the Monthly Supertrend Line at 3655 into December 2020. Price must close above 3655 on the 1st of Jan 2021 to confirm the next long term Up Leg of the SPX over the next few months. Pivot is at 3651 A break of 3651 will test 3557 and 3466 to the downside. Price holding above 3651/4hr Supertrend line...
A short signal issued on 301120 on the 4hr signals a pullback to test 2767 ST line on the dailies. This is considered a pullback as price is still above the cloud on the 4hr. Pivot : 2873 A Break above 2873 will test 2920 then 3108 A bounce below 2873 will test 2767 then 2671 The STI is bullish short term and medium term. A long signal on the weekly charts was...
The STI continues its uptrend in both the ST/MT to 3108. Support is at 2839. A break of 2839 will test 2767 then 2671. LT outlook is still downtrend with 3108 as the pivot point.
The STI closed exactly at 2813 on the Kijun line of the monthly charts as discussed in last week's post. The next target remains unchanged at 3108 on the montly Supertrend line. Short term support at 2779. A break of 2742 (Supertrend Pivot) will test 2651.
A short signal has been issued on 191120 at 3559. The target is on the Kijun line of the Daily charts at 3455. A break below 3455 will test 3399. A break above 3576 will test 3674. The SPX is bullish on LT/MT and facing short term correction in the very short term. Watch for price action within the 4hr cloud to be ranging and volatile. A clear break below the...
The SPX continues to hold its bullish tone on all time frames and is attempting to retry its intraday high of 3674. Pay attention to the monthly supertrend line on the monthly chart currently at 3645. As we enter into the traditional year end Santa Claus rally, the bulls must break the supertrend line to the upside coming dec to maintain the rally into 2021....
The STI continues its uptrend in the ST with the buy signal at 2494 since 031120 on the 4hr. The monthly supertrend line at 3108 will be the target of the bulls into the year end. Support is now at 2665. A break below 2624 will resume its ST downtrend.