Oh forgot about Mercury retrograde which might have had an effect on communications. Usually a stock market top is put in within a few days of a retrograde. A high in 4 trading days would match the move off the low in early February and the next decent bottom back in April??? 46 tds later.
Hmmm, no DeMark analog references these days. We have an obvious one now. The analog would require the SP to make a slightly higher high with a lower RSI divergence. 60 min RSI levels were extremely overbought on Monday so a divergence is needed there with a new high but the solar flares did knock out stockcharts data feed on Tuesday so there might not be a proper RSI reading at new highs.
Brazil beat Croatia in the opener today 3-1. A lot of 11-10 s flashed in that game. I’ll have a review later, possibly. Some obvious fakery in that game. Or Croatia has an extremely incompetent goaltender who apparently can’t get to slow dribblers or lets a penalty kick go through his hands.
i hear ya. i think with todays follow through decline..and having an important index like the transports getting killed today down a 170 pts so far…the odds for going lower..and maybe even getting south of spx 1900 just got a little higher. we can be sure spx 1920 will be tough,so we’ll watch that if we get there today or tomorrow-this newest negative iraqui news and oil rally seem to be an issue for the market today. we should know pretty well by monday.
The charts are still bearish looking even though I “feel” like we should get a bounce soon… maybe into the close today? I’m so used too the bears getting screwed that I’m afraid to hod short for very long in fear of a rip higher on some manufactured news.
Gold at resistance levels: http://niftychartsandpatterns.blogspot.in/2014/06/gold-at-resistance-levels.html
SILVER Testing long term resistance line: http://niftychartsandpatterns.blogspot.com/2014/06/silver-testing-weekly-resistance-line.html
Possible wave count? http://screencast.com/t/UkACkYRJzx
SPX Update: http://screencast.com/t/Xns1hjSYd (If you like these updates please let me know with a like or comment)
ES Chart update: http://niftychartsandpatterns.blogspot.in/2014/06/es-chart-analysis.html
Oh forgot about Mercury retrograde which might have had an effect on communications. Usually a stock market top is put in within a few days of a retrograde. A high in 4 trading days would match the move off the low in early February and the next decent bottom back in April??? 46 tds later.
Hmmm, no DeMark analog references these days. We have an obvious one now. The analog would require the SP to make a slightly higher high with a lower RSI divergence. 60 min RSI levels were extremely overbought on Monday so a divergence is needed there with a new high but the solar flares did knock out stockcharts data feed on Tuesday so there might not be a proper RSI reading at new highs.
Brazil beat Croatia in the opener today 3-1. A lot of 11-10 s flashed in that game. I’ll have a review later, possibly. Some obvious fakery in that game. Or Croatia has an extremely incompetent goaltender who apparently can’t get to slow dribblers or lets a penalty kick go through his hands.
i hear ya. i think with todays follow through decline..and having an important index like the transports getting killed today down a 170 pts so far…the odds for going lower..and maybe even getting south of spx 1900 just got a little higher. we can be sure spx 1920 will be tough,so we’ll watch that if we get there today or tomorrow-this newest negative iraqui news and oil rally seem to be an issue for the market today. we should know pretty well by monday.
The charts are still bearish looking even though I “feel” like we should get a bounce soon… maybe into the close today? I’m so used too the bears getting screwed that I’m afraid to hod short for very long in fear of a rip higher on some manufactured news.
thanks RDL