Tag Archives: Inverted Head & Shoulder

WEEKLY ANALYSIS 0407

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

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JO (Coffee etf): Inverted H&S Pattern

Yesterday´s morning I posted on Stocktwits/Twitter a potential Inverted H&S pattern for JO

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KOL (Coal etf): Analysis of the EWP

I will begin to monitor KOL Despite the big picture does not look bullish at all since 2 obvious patterns stand out in the weekly chart below: Head & Shoulder with price now back testing the neck line (Red trend … Continue reading

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DAILY 0530

Is the “countertrend” rebound over? It depends if the EUR catches a multi-day bid. Yesterday I posted the monthly chart in order to find longer-term pivot zones that could act, at least, as a short-term support above the May 2010 … Continue reading

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WEEKLY ANALYSIS 0527

Since I don´t have any reason to modify neither my long-term nor the short-term scenarios, this weekly technical update is going to be very brief. I maintain unchanged the long-term count of both SPX and NDX from the last update … Continue reading

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VIX: Follow Up of the IH&S

As I mantioned last week VIX has confirmed a bullish Inverted Head & Shoulder that has a theoretical target at 28.50 It is not very common to see a large increase of the volatility index on Fridays Now that the … Continue reading

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DAILY 0517

Yesterday I mentioned that: ” Elliot Wave wise the absence of an impulsive decline or an Ending Diagonal suggests that price has not established yet a tradable bottom. Maybe what is needed is a final “flush out” which would allow … Continue reading

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DAILY 0508

This is a thrilling moment, and bears for the first time in a long time should be feeling a sudden quiver of excitement. SPX´s EWP from the April 2 top looks like a corrective and inoffensive 3 –wave down leg … Continue reading

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WEEKLY ANALYSIS 0506

We are at a critical juncture. We have a challenging environment that demands patience, effort and skill. SPX price is not showing a straightforward path; instead it is unfolding an enigmatical pattern. I am aware of the issue that inter-market … Continue reading

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DAILY 0430

My primary short-term scenario, which called for a correction, with price unfolding an ABC down and a potential target in the range 1340-1292, last Wednesday, was aborted by the huge gap up of AAPL and by the FED. I guess … Continue reading

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