Category Archives: SPX (s/t)

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 … Continue reading →

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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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SPX: Follow Up of the Short Term EWP

Posted on 10 May, 2013 by admin

HARAMI CANDLESTICK Yesterday SPX ended the day with an Harami candlestick. An Harami, if it appears in an extended up move, can be considered a warning of a sudden deterioration of the trend, which is probable given the overbought readings … Continue reading →

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SPX: Follow Up of the Short Term EWP

Posted on 8 May, 2013 by admin

ANOTHER DAY ANOTHER NEW ALL TIME HIGH Despite short term technical indicators remain overbought buyers are disrespectful that bulls cannot maintain for much longer winning “pases” (One-handed manoeuvres in bullfighting).

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SPX: Follow Up of the Short Term EWP

Posted on 7 May, 2013 by admin

TECHNICALS ARE GETTING EXTENDED I maintain the two potential counts for the advance from the November lows:

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SPX: Follow Up of the Short Term EWP

Posted on 3 May, 2013 by admin

THE MCCLELLAN OSCILLATOR REMAINS WITH A SELL SIGNAL IN PLAY Despite the Ending Diagonal did not pan out sine once again buyers jumped on and bought the corrective pullback killing a “text book” ending pattern we do have plenty of … Continue reading →

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SPX: Follow Up of the Short Term EWP

Posted on 1 May, 2013 by admin

I MAINTAIN THE CALL OF  A SHORT-TERM PAUSE The month of April ends with a monthly Hanging Man. This is a potential bearish candlestick if SPX begins the new month below 1597.57 while a trend reversal will be confirmed if … Continue reading →

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SPX: Follow Up of the Short Term EWP

Posted on 30 April, 2013 by admin

APPROACHING A SHORT-TERM PAUSE The attempt of a larger pullback has not materialized (In my last weekend update I was suggesting as a likely scenario that the up leg from the April 18 low was over)

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