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The way the MACD is set up is indicating that this is a short term pop as the faster moving short term signal line is still below the slower one and they shouldn’t cross until way below the O line. There was a pop in a similar configuration at the end of May 2011 but that looks miniscule compared to this 2 day pop. It actually looks like the 2 day pop from September 18,19 2008 which was also during opex week. Then it was coming from below the 200 day average. The dominant Sept contract was expiring then as the dominant Dec. one is now forcing many to get out rather than roll basically clearing out the shorts in the market. The $rut also jumped up to the top of its range and actually brokeout above it then while the Rut just went to the top of its range this time. Even the MACD was in a decline mode with its faster moving signal line remaining below the slower one although they did converge briefly despite the pop but the MACD lines had been declining for awhile.
Anyway maybe it holds up until the new moon. If denouement is to be achieved on Mardi Gras but there is a more special date in the interim. $vix also dropped to its 50 day average today while a component of a certain little indicator bounced to its 0 line after hitting oversold levels just 2 sessions earlier.
At worst I can see the Dow making a double top but the last 2 days were too steep for a double top rally. In fact they should have kept the indices closing in the middle part of their ranges which is generally how they keep rallies going off the bottom but technical indicators/ setups weren’t there for an intermediate level bottom.
$Dax also just popped up to its 20 day average after popping off its lower BB which is a standart slingshot move off a lower BB.
There’s a 212.97 FP on the SPY showing up on many charts now. If that’s not something to do with the quad witching expiration Friday and/or re-balancing then it’s our upside target… which could hit by the end of they year.
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Today’s big pop was to be expected. The indices had been closing quite a bit below their lower BB for several days and a certain little component of a certain little indicator was quite oversold and didn’t have much more room to run to the downside. But today’s pop could be just a one day affair.
With last Friday’s big downday on the 100 year anniversary date, the SP, Dow, NYA closed below their 34 EMAs which also turned down which is a configuration that generally proceeds a fast hard move down. The Nasdaq hadn’t quite achieved that technical set up but it did on Monday as it also finally managed to break below its lower BBs as the other indices had done on Friday.
There was also the setup of the 9 EMA crossing beneath the downtrending 18 EMA which is the precursor to fast moves down. The MACD signal lines had also crossed from an extended level and were now downtrending at a steep angle. Basically the indices are in a technical setup which produces a pronounced downdraft from which it is difficult to reverse from especially from an abruptly bullish upday that just takes the index back up to the lower BB and near to the downtrending 9EMA.
Even if there is more of a followthrough to the upside the MACD is indicating that there will be a drop to a new low before the signal lines can crossover again. But a certain little indicator which just recently dropped below its lower BB is indicating this is probably just a short term pop since it tends to run quite awhile below its lower BB once it does drop below it and its current move is still in its infancy. MACD signal lines need to get quite a bit below the O line before a bottom can be considered. They’re currently around the 0 line.
Anyway, 12-19 and the new moon are approaching and I would look for a continued drop into those events. A move below the weekly Parabolic SAR is the most likely target which is around SP1940 but it could take another week of dropping below that target before a bottom is formed.
Or maybe we just remain on denouement watch in case all traditional rules are broken. 12-19 is a highly valued date but it will be hard to get to oversold enough levels by that date.
There was a Greek election today. The Dax certainly didn’t get as excited today as the US market did. (It did have its big bounce the day before….also popping off its lower BB having just arrived down to its lower BB.)
Quite rare to see such a big down day on the Friday. Next week doesn’t look to be very bullish yet either as there’s a lot of market moving news out that could prevent the old “bullish as usual” crap. The FOMC meeting on Wednesday should certainly prevent anything positive happening on Monday or Tuesday. Maybe they can get something going later in the week but it’s not looking good right now.
We “might” have topped for the year? Not sure yet but it’s looking like we might be starting Primary Wave 4 down, which should be 200-400 SPX points over 2-4 months. So while I think we are going to rally some next week I’m getting the feeling it won’t put in another higher high and instead put in a lower one, which means we could see some much larger wave of selling occur starting the first of 2015.
Are you tired of been poor or are you in the music industry or you want to
be famous in life? you don have to waste any of your time, you dont have to
watch people enjoying why you are suffering, have that mind and come to and
join the Illuminati for riches, power, fame and lot more, if you are in the
music industry and you become the Illuminati member you will be like jay z,
Lil Wayne, snoop dog, bird man, pididy, and many other musicals in the top
of the world, and if you are looking for riches you will be like Barack
Obama, tony Montana, Morison, and lot more other people in the top of the
world, we the Illuminati member has given you the chance to choose for
yourself is either you get rich or die trying in life, you are not to be
poor in life quickly email us now for further information on how you will
become a member of the Illuminati kingdom and get what you seek in life,
here is our mail for you to email us now: jionilluminate@gmail.com or call
+2347016715897
The way the MACD is set up is indicating that this is a short term pop as the faster moving short term signal line is still below the slower one and they shouldn’t cross until way below the O line. There was a pop in a similar configuration at the end of May 2011 but that looks miniscule compared to this 2 day pop. It actually looks like the 2 day pop from September 18,19 2008 which was also during opex week. Then it was coming from below the 200 day average. The dominant Sept contract was expiring then as the dominant Dec. one is now forcing many to get out rather than roll basically clearing out the shorts in the market. The $rut also jumped up to the top of its range and actually brokeout above it then while the Rut just went to the top of its range this time. Even the MACD was in a decline mode with its faster moving signal line remaining below the slower one although they did converge briefly despite the pop but the MACD lines had been declining for awhile.
Anyway maybe it holds up until the new moon. If denouement is to be achieved on Mardi Gras but there is a more special date in the interim. $vix also dropped to its 50 day average today while a component of a certain little indicator bounced to its 0 line after hitting oversold levels just 2 sessions earlier.
At worst I can see the Dow making a double top but the last 2 days were too steep for a double top rally. In fact they should have kept the indices closing in the middle part of their ranges which is generally how they keep rallies going off the bottom but technical indicators/ setups weren’t there for an intermediate level bottom.
$Dax also just popped up to its 20 day average after popping off its lower BB which is a standart slingshot move off a lower BB.
There’s a 212.97 FP on the SPY showing up on many charts now. If that’s not something to do with the quad witching expiration Friday and/or re-balancing then it’s our upside target… which could hit by the end of they year.
Investing in stock needs constant analysis of market’s ups and down. You must speculate the market exactly for gaining high ROI. For a common man it is not possible to do so. You can hire best stock tips advisor by which you can make seminal profit and get good guidance fro the investment.
Stock Advisory Company in Indore
Today’s big pop was to be expected. The indices had been closing quite a bit below their lower BB for several days and a certain little component of a certain little indicator was quite oversold and didn’t have much more room to run to the downside. But today’s pop could be just a one day affair.
With last Friday’s big downday on the 100 year anniversary date, the SP, Dow, NYA closed below their 34 EMAs which also turned down which is a configuration that generally proceeds a fast hard move down. The Nasdaq hadn’t quite achieved that technical set up but it did on Monday as it also finally managed to break below its lower BBs as the other indices had done on Friday.
There was also the setup of the 9 EMA crossing beneath the downtrending 18 EMA which is the precursor to fast moves down. The MACD signal lines had also crossed from an extended level and were now downtrending at a steep angle. Basically the indices are in a technical setup which produces a pronounced downdraft from which it is difficult to reverse from especially from an abruptly bullish upday that just takes the index back up to the lower BB and near to the downtrending 9EMA.
Even if there is more of a followthrough to the upside the MACD is indicating that there will be a drop to a new low before the signal lines can crossover again. But a certain little indicator which just recently dropped below its lower BB is indicating this is probably just a short term pop since it tends to run quite awhile below its lower BB once it does drop below it and its current move is still in its infancy. MACD signal lines need to get quite a bit below the O line before a bottom can be considered. They’re currently around the 0 line.
Anyway, 12-19 and the new moon are approaching and I would look for a continued drop into those events. A move below the weekly Parabolic SAR is the most likely target which is around SP1940 but it could take another week of dropping below that target before a bottom is formed.
Or maybe we just remain on denouement watch in case all traditional rules are broken. 12-19 is a highly valued date but it will be hard to get to oversold enough levels by that date.
There was a Greek election today. The Dax certainly didn’t get as excited today as the US market did. (It did have its big bounce the day before….also popping off its lower BB having just arrived down to its lower BB.)
Quite rare to see such a big down day on the Friday. Next week doesn’t look to be very bullish yet either as there’s a lot of market moving news out that could prevent the old “bullish as usual” crap. The FOMC meeting on Wednesday should certainly prevent anything positive happening on Monday or Tuesday. Maybe they can get something going later in the week but it’s not looking good right now.
Odds are 19 of 30 that today closes green… and the charts agree with a rally into the close.
We “might” have topped for the year? Not sure yet but it’s looking like we might be starting Primary Wave 4 down, which should be 200-400 SPX points over 2-4 months. So while I think we are going to rally some next week I’m getting the feeling it won’t put in another higher high and instead put in a lower one, which means we could see some much larger wave of selling occur starting the first of 2015.
What in the world is going with the VIX? Acting like end of the world coming.
Today looks a lot like October 8th…