TWT Analysis

HIATUS IMAGE

Weekly time frame: SP 500 ended the week with a Harami candlestick. Price has been rejected at the trend line that connects the November and December lower highs and the 0.786 retracement of the previous down leg. In an extended up trend a Harami can mark a top. If a s/t top is in place […]

THE JURY IS OUT IMAGE

The Jury is still out on whether the February rally is a countertrend move or something bullish Breadth indicators are suggesting that the odds of another major down leg are now less likely. Although extreme readings are poised to lead to a market pullback, this kind of strength is unusual during a bear market. Hence […]

CRACK IMAGE

A massive 498 points reversal and the loss of the 50 dma has resulted in an ugly Shooting Star. If that is not enough today the DAX has broken a Rising Wedge. This is a bearish pattern that increases the odds that the rebound is over and price is heading in a downward direction. In […]

BEGINNING IMAGE

Monthly time frame (Continuous): We have a possible reversal setup although in order to confirm that a bottom is in place Oil must break and sustain above the falling 10 dma which today stands at 43

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