From the premarket action this morning, it’s as if yesterday’s rally did not happen. A drop back below 1323 would be problematic for the bullish short term view. However, the market would need to recover only some of this overnight loss to keep the recent short term buy signals in force, and probably give confirmation…
Tag Archive for Resistance
Professional Edition, Technical Trader
Market Not Out of the Woods But No Sign of Fire
by Newswires • • 0 Comments
The market has done just enough to stay above major support over the past few days but it hasn’t created much of a safety cushion (or whoopee cushion) and it still faces several layers of resistance. Here’s how the indicators look.
Professional Edition, Technical Trader
Not As Bad As It Looked, But Don’t Worry, It Could Get Worse
by Lee Adler • • 0 Comments
On Monday, support held and projections were pulled up to levels that were reached, all of which suggested that an intermediate low had been reached. Tuesday’s late fade raises questions, which this report attempts to answer.
Professional Edition, Technical Trader
Market Rebounds At Major Inflection Point But Is Not Out of Woods
by Lee Adler • • 0 Comments
The market reached major support on Friday and rebounded strongly yesterday to form what could be an intermediate bottom. Cycle projections rose to levels already reached and the market had entered a bottoming window in terms of time. Some indicators have flashed buy signals. But is that enough to call a bottom?
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, NASCRACK, RUT, and USD Updates: This Rally Was No Surprise…
by Pretzel Logic • • 2 Comments
A quick reminder: if you haven’t met the requirements for registration at the new forum, your account will, unfortunately (or maybe fortunately, lol) not be approved. Please read this thread carefully when registering. …
Gold and Mining Stocks Trader, Professional Edition
Gold In Short Term Rally Phase Toward Resistance
by Newswires • • 0 Comments
Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized chart…
Technical Trader
Market Oversold, But Breaking Down From Major Top Means More To Come
by Lee Adler • • 3 Comments
Several technical indicators have reached levels consistent with intermediate lows, but key support levels have been broken, and despite some signs of being oversold, the market remains vulnerable to further declines, both over the short run and the longer term as well. The market averages have broken down from an important top, and some long…
Professional Edition, Technical Trader
Carve this market in butter
by Lee Adler • • 0 Comments
Drip, drip, drip goes the market. This can go on for a while, as few indicators have reached any kind of extreme. Cycle projections have been hit on the 13 week and 6 month cycles, but short term projections still point a little lower. This report presents the targets, carved in butter.
Professional Edition, Technical Trader
Market Peeks Over The Cliff’s Edge
by Lee Adler • • 0 Comments
The market broke key support yesterday, but not by much. This morning it is attempting to regain that level. If successful, a 4 week cycle upturn could be under way, but the market would need to clear the 1355 area to have any room to run on the upside. If the market fails to recover…
Technical Trader
Black and Blue Swan Could Spook Traders in Most Vulnerable Period
by Lee Adler • • 0 Comments
By the time the market closed on Thursday, even before Jamie The Demon got on the phone, the charts were sending little signals that things were about to get worse. Cycle alignments had said that the period of greatest vulnerability would last through next Monday. Now, suddenly we have a black and blue swan to…
