Andre Gratian
Expert Market Analyst & Founder of Market Turning Points
When Andre Gratian was a stock broker years ago, a friend introduced him to technical analysis of the market. Consequently, it is not an exaggeration to say that Andre fell in love with this approach! Ever since then, it has become an increasingly important part of his professional life. Gratian has studied the works of Wyckoff, Edwards & Magee, Edward J. Dewey (cycles) and many others. However, one of my most profitable undertaking has probably been to study Point & Figure charting, which he finds invaluable in analyzing stocks and indices. If he were restricted to one methodology, this is the one that he would choose. This well-rounded background has given him what he feels to be a special insight into the stock market, facilitating the recognition of meaningful patterns and the ‘turning points’ in all trends, whether they be short or long term. Andre feels very comfortable discussing the stock market and passing on meaningful information to others. His subscribers include individuals and money managers throughout the world. Moreover, his Newsletters are currently published on several financial sites, here and abroad.
Andre Gratian Articles
SPX Long-term trend: There is some good evidence that we are still in the bull market which started in 2009 and which could continue into the first quarter of 2021 before coming to an end. SPX Intermediate trend: New intermediate uptrend...
SPX has now built a significant congestion pattern at its recent high which is more likely to be short-term distribution than re-accumulation. It should not take too long before we find out which it is.
There is no apparent intermediate top on the horizon, but the short-term will be determined by the timing and success of the next relief bill which is now being considered by congress.
After making a top shy of its 3740 projection, SPX could retrace down to about 3600 before completing its current minor correction.
After reaching its former 3460+ target, SPX created a small congestion shelf as the next launch pad which would permit it to reach 3740 -- if the new proposed relief bill is passed.
SPX started a new intermediate uptrend which was followed by a period of consolidation which has now lasted several weeks. It can either continue its uptrend from here or pull back before being ready for the next buy phase. We could know...
SPX is correcting its break-out phase from 3434 to 3646. How much of a correction and for how long will depend on whether it can remain above the 3512 pull-back or not. Odds appear to favor a deeper correction at this time.
SPX made in intermediate low on 10/30 and is resuming its uptrend. This move is expected to carry to about 4150 before the next intermediate correction takes place.
The correction could have gone longer and lower before reversing. Furthermore, it may still go longer with the minor cycle lows due on about 11/16. That scenario does not prevent the index from trying for a slightly higher high, first.
SPX is in a corrective pattern which should continue at least into mid-November. There is an outside possibility that it could drop as low as 3050 by then.
