Tag Archives: Shooting Star

SPX: Follow Up of the Short Term EWP

NO CHANGE: I MAINTAIN THE CALL OF A SHORT-TERM PAUSE This is madness but the fact of the matter is that despite extreme overbought readings bulls so far do not give in to an unavoidable short-term pause.

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SPX: Follow Up of the Short Term EWP

HARAMI CANDLESTICK Yesterday SPX ended the day with an Harami candlestick. An Harami, if it appears in an extended up move, can be considered a warning of a sudden deterioration of the trend, which is probable given the overbought readings … Continue reading

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SPX: Follow Up of the Short Term EWP

THE MCCLELLAN OSCILLATOR HAS ISSUED A SELL SIGNAL The short-term breadth warning I mentioned yesterday has been confirmed with a bearish cross of the McClellan´s stochastic.

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WEEKLY ANALYSIS 0303

WHICH IS THE PREVAILING CANDLESTICK: THURSDAY´S SHOOTING STAR OF FRIDAY´S HAMMER ? Despite this weekend I have family and friends engagements I have been able to make up a brief update. Lets review the EWP from the November 16 low.

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SPX: Follow Up of the Short Term EWP

BEARISH VIBRATIONS Despite Wednesday´s bullish action, in my opinion there is something odd about it, all the momentum & breath bearish reasons remain in force.

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SPX: Follow Up of the Short Term EWP

THE CORRECTION IN NOT OVER Despite the disparity of the potential corrective EWP between the Dow and SPX I expect more down side action within the scenario of a retracement of the November-February up leg.

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WEEKLY ANALYSIS 1216

This weekend I will begin my weekly technical update with a look at the bigger picture EWP of 5 major US equity sectors in order to demonstrate with EW evidence the validity of my hypothesis regarding:

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SPX: Follow Up of the Short Term EWP

This is just a brief follow up, my thoughts have been discussed in the last weekend technical up date, so now we have to see how the pattern from the November low evolves. The suggested Triangle played out but with … Continue reading

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SPX: Follow Up of the Short Term EWP

SPX has finally breached the pivot support at 1422. Price is no longer in a trading range and clearly now the trend within the corrective pattern from the September 14 high is clearly heading south. It is a fact that … Continue reading

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WEEKLY ANALYSIS 1007

Lets begin with a brief review the long-term count that I am working with: From the 2000 Top Price is involved in unfolding a large corrective pattern that could end up being a Double Zig Zag. If this long-term scenario … Continue reading

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