Chartered Market Technician (CMT-Market Technicians Association), Managing Director-Emptus Research & editor of Market Zeitgeist Reports.
test signal snap shot
Best Market Indicator Ever? Using the criteria for this indicator, was last December a good time to short?
Potential support at confluent Long Term / Short Term Fib Levels 11-15-12
Unless buyers step up to rescue prices, SPX vulnerable to an extended summer selloff.
Unless large funds return in selling mode after processing NFP over the weekend, SPX should see reflex bounce back
A close below 1306 negates the current SPX IHS pattern with the ascending 200DMA the next target lower.
Inverted Head and Shoulders pattern? Perhaps, if prices can break neckline without a new downtrend lower low.
Uptrend broken but nascent bullish reversal developing. Overhead gaps await with any new lower lows=warning sign
2nd QQQ chart
QQQ 3-1-12 Morning session 5min chart with patterns
$EURUSD "Higher Low" Reversal: 1-9-12 (4 hour chart)
$SPX Bullish AB=CD pattern projections (if short term trend change remains intact)
SPX Monthly Chart Review Year-end 2011
Update to SPX Quarterly Bearish Trend Reversal - Dec. 28, 2011 (Reversal remains intact until trade through at 1370.58)
Update to SPX AB=CD pattern as intermediate term symmetrical triangle imminent inflection point awaits resolution.
SPX Inverse Cup & Handle pattern with ~1150 projection
Violation of SPX short term lower symmetrical triangle boundary increases probability of AB=CD target at 1148
All eyes on QQQ "Golden Cross" (Ascending 50DMA crossing 200DMA) but requires confirmation of other indices
Something has to give: Note the divergence of SPY holding above 200DMA and SPX failing at 200DMA resistance.
Keeping it simple
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