Tag Archives: Double Bottom

SPX: Follow Up of the Short Term EWP

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

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

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

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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WEEKLY ANALYSIS 0216

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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SPX: Follow Up of the Short Term EWP

If my short-term scenario is panning out then we are getting close to a substantial retreat which will not endanger the intermediate up trend but should result in a 4%-6% pullback. We can raise the SPX pivot support at yesterday´s … Continue reading

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SPX: Follow Up of the Short Term EWP

Just a brief update since tomorrow morning I will not be able to post the daily follow up. Even though today´s down side action is not impulsive (It would not matter since I am expecting a wave B pullback) in … Continue reading

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SPX: Follow Up of the Short Term EWP

This short-term EWP update is probably the most dull I have ever written since I began publishing TWT on July 2011. The main reason is that, Elliott Wave wise; I cannot decode the overlapping pattern from the December 31 low … Continue reading

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SPX: Follow Up of the Short Term EWP

During last week negative short-term breadth indicators (McClellan Oscillator) and an overbought momentum were suggesting that the odds of a pullback were increasing. But price negated a “healthy” pause as buyers overwhelmed the few bears left in the market.

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SPX: Follow Up of the Short Term EWP

As I have been discussing breadth indicators are deteriorating:

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