Shooting Star

BEAR

Monthly time frame: The sell signal triggered by the bearish cross of the 10 mma below the 20 mma, so far, it has not ignited a new bearish cycle like the ones occurred during 2000-2002 and 2007-2009. Instead of a downward move this time it looks more likely that price is unfolding a consolidation phase. […]

on sight

Weekly time frame: SP 500 has not been able to overcome the last obstacle (November peak) prior to the May 2015 all time high The week ended with a Shooting Star. A short-term top could be in place provided last week low at 2073 is breached If the Shooting Star is confirmed we have three […]

CRACK IMAGE

A massive 498 points reversal and the loss of the 50 dma has resulted in an ugly Shooting Star. If that is not enough today the DAX has broken a Rising Wedge. This is a bearish pattern that increases the odds that the rebound is over and price is heading in a downward direction. In […]

SURPRISED IMAGE

Monthly time frame: From the IPO Facebook has been rising within a channel There is no clear indication of a Top, just a warning given by the February Harami

Close