Precision timing for all time frames through a multi-dimensional approach to forecasting using technical analysis: Cycles - Breadth - P&F and Fibonacci price projections supplemented by Elliott Wave analysis
Since early March, SPX has traded in a broad range of approximately 85 points. The support level, which is between 2040 and 2050 has been tested several times and held each time. The last test was on 4/01, and this generated another...
For some time I have been pointing out the long-term deceleration pattern which was taking place in the SPX. Last week I also mentioned that the index’s inability to make a new high before being pushed back toward previous short-term lows...
Since the October rally, SPX has been trading in a broad congestion pattern with an upward slant. Any seasoned technical analyst will tell you that this is potentially a bearish formation which, most of the time, signals the end of an...
Last week, I mentioned that several indexes were participating in the 3-week decline half-heartedly. We now know the reason why! On Friday, the rally which started at 2040 has filled a phase projection at 2113 and come to a resistance...
I have endeavored here to give you a short-term and a longer term perspective about the market, primarily through the analysis of SPX charts. But also by suggesting that if two of the primary leading indexes (XLF and XBD) are exhibiting...
While a correction is well underway in the SPX and NYSE, some indices are not as weak and will need to join them for an important decline to take place. On Monday the ECB will start its bond buying program. Also on Monday, AAPL will...
The past week showed low volatility. SPX has been decelerating over the past two weeks and looks ready to start a minor correction. We should know this coming week if that is its intention.
Last week, SPX extended its advance to 2110, but breadth is not supporting the move with the daily A/D oscillator barely moving up and continuing to show negative divergence. Unless this improves (and quickly) the index will not be able...
The indices are mixed. SPX managed to make a new high by a small margin, but DJIA has not. Also some of the leading indexes such as XLF and XBD are beginning to show relative weakness. If this continues and worsens, it will be unlikely...