Market Breadth Data******************************
Saturday, June 30, 2018
Friday, June 29, 2018
SPX Pattern and Trend
The question now is whether 2740 will cap the current upswing, or whether the rally will extend to July 4th:
Odds favor July 4th.
Odds favor July 4th.
Wednesday, June 27, 2018
NDX Pattern and Trend
Price action unfolded according to the scenario suggested yesterday. And although both the NDX and SPX painted similar candles, the Pattern Oscillator reveals that weakness in NDX is more wide spread:
Similar oversold levels have preceded short-term reversals in the past, but support for both indices needs to hold first.
Similar oversold levels have preceded short-term reversals in the past, but support for both indices needs to hold first.
Tuesday, June 26, 2018
SPX Pattern and Trend
Almost identical price action with strong bearish implications, making tomorrow a very important day:
2700 remains the key level to watch.
The next support level is 2673.
The next support level is 2673.
Monday, June 25, 2018
Monday, June 18, 2018
SPX Pattern and Trend
The futures couldn't break resistance at 2788 and now a retest of the previous resistance level at 2740 should be expected:
Tuesday, June 12, 2018
SPX Pattern and Trend
Getting ready to test the 2788 - 2800 resistance zone:
Support at 1 x 1 angle and 2740.
Next target: 2840.
Next target: 2840.
Saturday, June 09, 2018
SPX and G6 update
The
SPX finally broke out of the month-long consolidation, while most of the forex
pairs hit our targets and reversed:
Full analysis here.
Full analysis here.
Thursday, June 07, 2018
Wednesday, June 06, 2018
SPX Pattern and Trend
Inching closer to our upside target:
The close slightly overshot R2 of the weekly pivot line but price swiftly pulled back immediately after the close:
The close slightly overshot R2 of the weekly pivot line but price swiftly pulled back immediately after the close:
Monday, June 04, 2018
Friday, June 01, 2018
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