Tag Archives: Triangle

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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WEEKLY ANALYSIS 0512

ANOTHER UNSHAKABLE WEEKLY BULLISH PERFORMANCE Going forward I will not publish on a regular basis the weekly technical analysis since during the weekends I want to spend more time with my family. I will maintain the daily updates and short-term … Continue reading

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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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WEEKLY ANALYSIS 0505

BULLS HAVE REGAINED THE CONTROL After four consecutive failed attempts of breaking above the April 11 peak at 1597 (Probably on Friday there were trillions of short stops above 1600), with a better than expected NFP, SPX carried out a … Continue reading

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WEEKLY ANALYSIS 0428

CONFLICTING SIGNALS: STRONG BREADTH vs WEAK MOMENTUM 1. Weekly momentum indicators are suggesting that the advance from the November low should be over:

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SPX: Follow Up of the Short Term EWP

KEY TIME Yesterday we got the expected small range body, a text book Gravestone Doji, with the high of the day almost at the 0.786 retracement.

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OIL: Follow up of the Triangle Wave (B) Option

THE TRIANGLE WAVE (B) Last summer I posted the scenario of a potential Triangle So far this idea is on track if the wave (D) was established on April 1 also with a Triangle

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SPX: Follow Up of the Short Term EWP

REVERSAL OF THE SHORT TERM TREND We now have enough reasons to respect the fact that price is laying the foundations of a trend reversal.

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SPX: Follow Up of the Short Term EWP

I REMOVE THE SELL THE RIP BIAS. I am getting suspicious regarding the potential bearish prospects of the current corrective pattern.

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WEEKLY ANALYSIS 0407

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

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