Monthly time frame: For quite a long time I have been discussing that breadth and momentum indicators are suggesting that the aged rally from the March 2009 is vulnerable. I have also mentioned that once/if SP500 breaches the 10 month moving average (2064.61) and the rising trend line from the October 2011 low, with an […]


I have FAZ in my watchlist monitoring if it confirms a reversal pattern Monthly time frame (From February 2014) The month of June ends with a Doji In a prolonged downtrend a Doji can be  a candlestick candidate for a bottom The immediate resistance (R1) is at 12.44 (Last lower high) Above the R1 we […]


The distinctive and frustrating feature that stands out is that from the February high price has been trapped in a trading range. Bulls have tried but failed to sustain a breakout above the February high at 2120 twice ( April peak and May peak), but it is also true that Bears have not been able […]


Monthly time frame: Eventhough there is still no indication of a reversal (From the February low we have a sequence of higher lows) the incapacity to sustain a breakout from the February high is flashing a serious warning that the trend is vulnerable Multiple failures could lead to a reversal if price breaches the last […]