Monthly time frame: The sell signal triggered by the bearish cross of the 10 mma below the 20 mma, so far, it has not ignited a new bearish cycle like the ones occurred during 2000-2002 and 2007-2009. Instead of a downward move this time it looks more likely that price is unfolding a consolidation phase. […]
Latest TWT Analysis posts
Weekly time frame: SP 500 has not been able to overcome the last obstacle (November peak) prior to the May 2015 all time high The week ended with a Shooting Star. A short-term top could be in place provided last week low at 2073 is breached If the Shooting Star is confirmed we have three […]
Latest TWT Setup Watchlist post
Daily Time frame: TZA has a potential reversal candlestick (Hammer) If the upper descending trend line is breached we could make the case that TZA is breaking out of a falling wedge and probably the decline from the March high has concluded an EW pattern (Maybe the wave A of a Zig Zag).
Latest Analyst corner post
Author: Lance Roberts At the beginning of this year, I began discussing the technical weakness that was emerging in the markets. Since that time, the markets have remained under pressure leading to a continued cautious portfolio stance. However, I have reiterated many times since then, interventions by Central Banks could change the shorter-term dynamic of […]