Tuesday held no surprises as the market did a ramp and camp, which fits the terms of the technical bounce discussed yesterday.
Toward the close, I wrestled a bit with the wave structure, but in the end decided it appeared a little …
Tag Archive for Resistance Levels
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, BKX, INDU and Silver Update: Nobody Said It Would Be Easy…
by Pretzel Logic •
Yesterday’s market maintained trade within the acceptable retrace range for a 2nd wave correction, however the decline was a bit stronger than I anticipated. What happens over the next couple sessions will hopefully go a long way toward…
Latest Business Headlines, Market Update Pro, Posts By Lee Adler, Professional Edition
1500 A Good Bet In This Game, But First A Few Immunity Challenges
by Lee Adler •
Cycle projections rose on Thursday and are now pointing toward the upper 1400 range. In the latter stages of a move projections tend to be less reliable than the earlier ones, which recently had mostly been in the 1420-1460 range. There are resistance levels below that. Here are the ones to look out for.
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Pre-Eating Some Crow in The Analytical Trap
by Pretzel Logic •
There’s a trap that’s easy for analysts to fall into. Let’s imagine you’ve been bearish for a while and anticipating a top. Let’s also imagine that the market has continued going up anyway, and yet continues to give…
Market Update Pro, Posts By Lee Adler, Professional Edition
Going Parabolic
by Lee Adler •
The market broke through a couple of key resistance levels on Wednesday, and is showing some signs of going parabolic.
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and Nasdaq Updates: Long-term Charts Show Market Faces Key Resistance Levels
by Pretzel Logic •
Yesterday, I spoke about the possibility that Minor Wave (2) up could complete its top within hours, and it’s entirely conceivable that came to pass yesterday. Once again, the market gapped up, and once again, the bulls took it nowhere …
Charts and Trading, Day Trading, Latest Business Headlines, Technical Analysis
Support Holds in Opening Selloff
by Lee Adler •
The SPX (cash) has bounced from a 2 day cycle projection of 1266, but both 2 and 5 day cycle indicators have just turned down, suggesting that more downside is likely, but even the 3 day cycle projection only points to 1264 and time counts suggest that both 2 and 5 day cycle lows may…
Latest Business Headlines, Professional Edition
Market Wanting Higher Levels Faces Obstacles
by Lee Adler •
A seasonally fudged gain of 80,000 in non farm payrolls missed consensus estimates by 10 or 20 thousand, depending on whose survey you like. That seems to be a non issue this morning. Technically, centered moving average projections point higher, but key resistance levels could short circuit the momentum.
Bears Chat, Best of the Forums
Schaeffers Monday Morning Outlook
by a Wall Street Examiner •
http://www.schaeffersresearch.com/commentary/content/monday+morning+outlook+market+stuck+in+neutral%
3b+djia+slips+below+11100/observations.aspx?ID=103703#103703
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What the Trading Desk Is Expecting: Trading Range Reminiscent of Late 2009
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Latest Business Headlines, Professional Edition
Weight of the World On Bears’ Shoulders – Professional Edition
by Lee Adler •
As the averages test the highs, major channel lines lie just above. If they get through those lines, the next resistance levels are significantly higher. The upturn would also result in a set of failed sell signals on a variety of intermediate indicators, typical of early stage rampaging bull markets. Bears have a lot on…
