TWT Analysis


Monthly Time Frame: XLF from the 2009 low has been rising within a well-defined channel ( Bearish Flag?) So far we have a wide range monthly bar which has allowed a potent break out above the 2015 high and the 0,618 retracement from the 2007 top The next resistance is located at the upper trend […]


There are a lot of signals for a tradable bottom: – NYSE Summation Index = – 300 (Very Oversold) – McClellan Oscillator = – 73 ( Very Oversold) – % SPX stocks below 50 dma = 27,20 (Oversold and Positive Divergence) – 9 straight days of lower eod prints – 4 days below Bollinger Band […]


The potential bearish Head & Shoulder has been busted, instead with an extraordinary deployment of strength bulls have achieved a “V” bottom breaking out of a Bullish Flag. Sp 500 is back in the upper range of the one year trading range only 35.66 handles from the May 2015 all time high. It seems probable […]

brighter outlook

Weekly time frame: SP 500 breached the support at 2040 (And the assumed neckline of the widely watched Head & Shoulder), dropped towards the 50 wma = 2024 but instead of gaining traction to the down side it recovered the 2040 support line ending the week firmer with a bottoming tail (Doji). In my opinion […]