Tag Archives: Triple ZZ

SPX: Follow Up of the Short Term EWP

HARAMI IS SUGGESTING A POTENTIAL REVERSAL We finally have a change of behaviour:

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SPX: Follow Up of the Short Term EWP

NEGATIVE DIVERGENCES ARE SUGGESTING THAT A SHORT TERM TOP IS APPROACHING In my opinion the forthcoming pullback will not jeopardize the not yet finished EWP from the November lows

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DAX Index : Update of the Long-Term EWP

I MODIFY THE LONG TERM COUNT ===> TRIPLE ZIG ZAG In my last update, on February 18, I discussed several options:

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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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SPX: Follow Up of the Short Term EWP

ANOTHER DAY ANOTHER NEW ALL TIME HIGH Despite short term technical indicators remain overbought buyers are disrespectful that bulls cannot maintain for much longer winning “pases” (One-handed manoeuvres in bullfighting).

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SPX: Follow Up of the Short Term EWP

TECHNICALS ARE GETTING EXTENDED I maintain the two potential counts for the advance from the November lows:

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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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SPX: Follow Up of the Short Term EWP

THE MCCLELLAN OSCILLATOR REMAINS WITH A SELL SIGNAL IN PLAY Despite the Ending Diagonal did not pan out sine once again buyers jumped on and bought the corrective pullback killing a “text book” ending pattern we do have plenty of … Continue reading

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SPX: Follow Up of the Short Term EWP

I MAINTAIN THE CALL OF  A SHORT-TERM PAUSE The month of April ends with a monthly Hanging Man. This is a potential bearish candlestick if SPX begins the new month below 1597.57 while a trend reversal will be confirmed if … Continue reading

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