Tag Archives: VIX

SPX: Follow Up of the Short Term EWP

TODAY THE BULLISH MARKET BEHAVIOUR CAN BE TEMPORARLY SUSPENDED Today we have two key risk events that may trigger the overdue equity pullback (Bernanke testimony before Congress and the FED minutes).

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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

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

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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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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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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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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SPX: Follow Up of the Short Term EWP

AMBIGUITY The outcome of the pattern is uncertain. Momentum and breadth inidicators are suggesting that price has not completed the advance form the November low.

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