Shooting Star


In spite of  the set up for further weakness last week´s decline was abruptly halted at the first key support (2020). Price has recovered most of the loss neutralizing the prospects of a larger pullback. Bull have regained the upper hand A short-term pause is probable but the bias is once again bullish   Monthly […]


The huge shoot up from the September low has reduced the probability that SP 500 is involved in a larger corrective phase but the surprising thrust should not be immune to a pullback. Actually the weekly candlestick (Shooting Star) could signal a short-term top provided next week the gap at 2079.36 is closed (SP 500 […]


Brief update: Monthly time frame: In my opinion it is viable to consider that SP 500 is unfolding a Double Zig Zag. Therefore the second wave (A) began at the March 2009 low. If the assumed wave (A) has run its course at the May high, the current wave (B) pullback should experience a Fibonacci […]

              60 minute time frame: The sideways and corrective pattern from the May 26 low, which was giving an edge to the resumption of the up trend, has been broken to the downside, hence now in the 60 min time frame we have a sequence of lower low/high. This […]