A wild and crazy week ended with the SPX and Dow breaking out of triangle patterns, but the QQQ stopped at the upper trendline of a similar pattern. Triangle breakouts often lead to explosive moves, but will this one. This report describes the parameters to watch for.
Tag Archive for Spx
Latest Business Headlines
Sentiment Signals S&P 500 Retreat May Not Be Over – Bloomberg
by Newswires • • 0 Comments
Sentiment indicators have yet to show signs of extreme pessimism during the Standard & Poor’s 500 Index (SPX)’s retreat since April, suggesting there is still room for bears to push the market lower, according to UBS AG. While the proportion of newsletter writers who said they are bearish on equities rose to a two-month high…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Next Target Unchanged, but More Bearish Potential Exists
by Pretzel Logic • • 0 Comments
Yesterday’s rally exceeded my target zone by 2 points, and has necessitated a slight shift in the wave degrees. The rally was probably a bit too large to be blue wave (4), and has thus indicated that it is most likely the higher degree&…
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. …
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Key Overlap at 1292 Leaves the Bulls Feeling "Facebooked"
by Pretzel Logic • • 0 Comments
Before I get into the update:
Please be aware that the real-time intraday and after-hours trading discussion section has moved.
We’re in the process of transitioning to a new board, and while it’s still a work in progress (I started …
Email Bulletins Archive, Lee's Free Thinking, Must Read
The Conomy Game- The Legend of Bennie The Beard, Henry the Hitman, and the Gangbankster Dealers
by Lee Adler • • 5 Comments
The shape of recent economic data trends reminds me of a story. It’s a story that shows just how the Fed’s manipulation drives both the stock market and the conomy. It’s also a story of the twisted personalities behind the facades of institutional power. This is not something that you will read in the mainstream…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: 81 Points of Profit Captured as the Market Reaches Critical Support
by Pretzel Logic • • 0 Comments
Yesterday was another victory for bears, and the market is now in a price zone that crosses numerous long-term support levels. It’s also sufficiently oversold that it’s advisable to watch for a potential bounce.&nbs…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, and VIX Updates: Market Placed on Crash Watch
by Pretzel Logic • • 0 Comments
A person is placed on suicide watch when he or she displays certain self-destructive patterns and behaviors. Likewise, a market is placed on crash watch when it displays certain destructive patterns and behaviors. As I’…
Latest Business Headlines
US stocks ready for rebound – CNN
by Newswires • • 0 Comments
WBAL BaltimoreUS stocks ready for reboundCNNBy CNNMoney staff @CNNMoneyInvest May 15, 2012: 7:45 AM ET NEW YORK (CNNMoney) — US stocks were poised for a positive start Tuesday, following better-than-expected economic growth in Germany. The Dow Jones i…
Latest Business Headlines
European growth assures markets – CNN
by Newswires • • 0 Comments
Globe and MailEuropean growth assures marketsCNNBy CNNMoney staff @CNNMoneyInvest May 15, 2012: 6:19 AM ET NEW YORK (CNNMoney) — US stocks were poised for a positive start to the trading day on better than expected economic growth in Europe. The Dow J…
