SPX finally broke the 2011 highs, which is a huge monkey off my back, since I’ve been insisting that it would ever since the Dow broke its 2011 highs back on Feb. 7. Now we’ll see if SPX has any interest in the double Fib zone…
No material change in the counts since yesterday. The S&P 500 (SPX) daily chart shows another indecision candlestick: in this case a dragonfly doji. This candlestick foretells of a reversal roughly half the time — in other words, i…
There is very little to add to the overall picture after yesterday’s action. The market came within 16 cents of adding confidence to the bear count, but did not. The action yesterday now forces me to give a slight edge t…
The bears finally showed a little bit of strength yesterday, although the decline was almost entirely retraced by day’s end. Before I get to the short-term bear counts, I’m going to present the slightly more bullish alternate, then…
Is the operative phrase here “priced to perfection”?
With everything from stocks and bonds to ‘roo bellies rising as one trade, it may be a good time to ask: what’s priced into the market’s uptrend? We say “bad news is priced in” when negativ…
SPX (cash) opened weak in a repeat of yesterday’s action, again dropping back to a key trendline. 1310 is now the point at which SPX…
SPX (cash) opened weak, pulling the 2 day cycle to the sell side with a projection of 1308 in the initial moments which has been…
There’s been no material change in the counts since yesterday. The expectation remains that a top will form sometime over the next week or two. Bear market bottoms tend to be V-shaped, but bear market tops are affairs that generally la…
On Friday, the market again performed in accordance with the expectations of the preferred count, with the Dow and SPX hitting their targets and reversing within just a few points. This does remain a difficult market to anticipate,…
1997 $3 Low Trendline and the 2009 $79 Low Trendline
http://megaswf.com/file/1174635