Tag Archives: Bullish Falling Wedge

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 26 April, 2013 by admin

AMBIGUITY The outcome of the pattern is uncertain. Momentum and breadth inidicators are suggesting that price has not completed the advance form the November low.

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SPX: Follow Up of the Short Term EWP

Posted on 17 April, 2013 by admin

ANOTHER PROBABLE FAILED REVERSAL Yesterday´s strong recovery negates an impulsive decline from last Thursday´s high. With only a 3-wave down leg I remain distrustful that the current move belongs to a reversal pattern (Corrective usually means that the main trend … Continue reading →

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WEEKLY ANALYSIS 0407

Posted on 7 April, 2013 by admin

I MAINTAIN UNCHANGED THE CALL OF A TEMPORARY TOP Therefore my strategy is to sell the rip.

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SPX: Follow Up of the Short Term EWP

Posted on 14 March, 2013 by admin

WHAT ELSE CAN I SAY? Now it is obvious that the reason that is preventing a pullback is Friday´s quarterly Opex and if you still expect a pullback ahead of next Wednesday FOMC meeting you better take a few days … Continue reading →

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SPX: Follow Up of the Short Term EWP

Posted on 7 March, 2013 by admin

BEARISH DAILY CANDLESTICK vs CHOPPY INTERNALS Countdown of three major event risks: NFP (Tomorrow)= – 1 trading day Quarterly Opex (March 15) = – 6 trading days FOMC (March 20) =  – 9 trading days

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SPX: Follow Up of the Short Term EWP

Posted on 6 March, 2013 by admin

THE MCCLELLAN OSCILLATOR IS THRUSTING ON The McClellan Oscillator with the thrust above the zero line is confirming that the SPX corrective pattern from the November lows has began a new up leg.

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SPX: Follow Up of the Short Term EWP

Posted on 26 February, 2013 by admin

TREND REVERSAL Let´s begin today´s update with the DOW, because I think it will set the “pace” and define the EWP of the correction for the following reason. Yesterday’s higher high kills a potential impulsive decline from last Wednesday’s high, … Continue reading →

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WEEKLY ANALYSIS 0216

Posted on 16 February, 2013 by admin

I don’t usually write a title for my updates but this time I do write one: THE PROBABILITY FAVORS A LARGE PULLBACK If in the last two weeks you have been reading my daily SPX updates you must be aware … Continue reading →

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