SPX: Follow Up of the Short Term EWP

Posted on 23 May, 2013 by admin

THE PULLBACK IS UNDERWAY

Preamble of my preferred scenario ====> the current pullback does not belong to a “major” reversal pattern, instead I expect just a retracement of the up leg from the April 18 low.

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SPX: Follow Up of the Short Term EWP

Posted on 22 May, 2013 by admin

TODAY THE BULLISH MARKET BEHAVIOUR CAN BE TEMPORARLY SUSPENDED

Today we have two key risk events that may trigger the overdue equity pullback (Bernanke testimony before Congress and the FED minutes).

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SPX: Follow Up of the Short Term EWP

Posted on 21 May, 2013 by admin

BEARS NEED A CATALYIST

Recently daily updates are getting boring to write and I guess as well for you to read them.

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WEEKLY ANALYSIS 0519

Posted on 19 May, 2013 by admin

NEXT WEEK I EXPECT THE BEGINNING OF A PULLBACK

In all honesty Thursday´s bearish set up (Daily Harami candlestick) was a feeble one due to the lack of an impulsive decline so I made a fool of myself of even pondering a potential topping pattern.

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SPX: Follow Up of the Short Term EWP

Posted on 17 May, 2013 by admin

HARAMI IS SUGGESTING A POTENTIAL REVERSAL

We finally have a change of behaviour:

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SPX: Follow Up of the Short Term EWP

Posted on 16 May, 2013 by admin

NO CHANGE: I MAINTAIN THE CALL OF A SHORT-TERM PAUSE

This is madness but the fact of the matter is that despite extreme overbought readings bulls so far do not give in to an unavoidable short-term pause.

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SPX: Follow Up of the Short Term EWP

Posted on 15 May, 2013 by admin

I MAINTAIN THE CALL OF  A SHORT-TERM PAUSE

Yesterday I mentioned that the “ending wave” of an EWP has to be impulsive or it must form an Ending Diagonal. At last, after completing a likely triangle (On Monday) we have an impulsive up leg in progress. This thrust, if my preferred count from the April 18 low is correct, is going to complete a Double Zig Zag.

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SPX: Follow Up of the Short Term EWP

Posted on 14 May, 2013 by admin

NEGATIVE DIVERGENCES ARE SUGGESTING THAT A SHORT TERM TOP IS APPROACHING

In my opinion the forthcoming pullback will not jeopardize the not yet finished EWP from the November lows

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DAX Index : Update of the Long-Term EWP

Posted on 13 May, 2013 by admin

I MODIFY THE LONG TERM COUNT ===> TRIPLE ZIG ZAG

In my last update, on February 18, I discussed several options:

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SMH (Semiconductor ETF): Potential Long Term Count

Posted on 13 May, 2013 by admin

PREFERRED LONG-TERM COUNT = DOUBLE ZIG ZAG

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