Just realized it was 180 trading days from the Sept 14 high to the May 22 high. 180 degrees of course…….All of the other trading day rallies and declines since last 4-2 (2012) seem to revolve around a certain few numbers….reminiscent of all of the rallies and high to low points that seem to involve 67 trading days back in the early stages of this ramp job..ala 2010.
SP and Dow finally got above their 50 day average but barely. So I am expecting more of a pop which might be instigated by the resolution of another bailout crisis in Europe as Greece has been given another ultimatum to get its house in order by Monday or its latest funds will be withheld….But this ultimatum has been hardly acknowledged by the trollosphere which has me a little worried that it might be enforced this time. Some cycles indicate a high for this past week.
Europe was pretty weak on Friday so they could catch up to the US on Monday with a huge rally that could carry over to the US markets. I would look to a top into July 10 which would be 33 trading days from the May 22 high. 22 tds from the 5-22 high marked the recent low…..then a 11 day pop….
The Nikkei is following the form of the fractal from double years ago the best so probably best to watch it. (for a major breakdown from the next interim top).
Russell 2000 has already rallied back to it highs and crude oil has made new multi-year highs and shot above its upper BB which is more of a topping pattern. It is also the 5 year high of the alltime high in crude. Crude did go sideways for a week before flailing. So any big rally on Monday could have these markets breaking out even more.
A certain little component of a certain little indicator needs to get a little more overbought ala at the wave B high double five years ago. New moon early Monday morning.
ES Update: http://niftychartsandpatterns.blogspot.in/2013/07/es-chart-analysis_8.html
Refresh page for new video update…
Bank of America Weekend update: http://niftychartsandpatterns.blogspot.in/2013/07/bank-of-america-weekend-update.html
FORD Motor Weekend update: http://niftychartsandpatterns.blogspot.in/2013/07/ford-weekend-update.html
Just realized it was 180 trading days from the Sept 14 high to the May 22 high. 180 degrees of course…….All of the other trading day rallies and declines since last 4-2 (2012) seem to revolve around a certain few numbers….reminiscent of all of the rallies and high to low points that seem to involve 67 trading days back in the early stages of this ramp job..ala 2010.
SP and Dow finally got above their 50 day average but barely. So I am expecting more of a pop which might be instigated by the resolution of another bailout crisis in Europe as Greece has been given another ultimatum to get its house in order by Monday or its latest funds will be withheld….But this ultimatum has been hardly acknowledged by the trollosphere which has me a little worried that it might be enforced this time. Some cycles indicate a high for this past week.
Europe was pretty weak on Friday so they could catch up to the US on Monday with a huge rally that could carry over to the US markets. I would look to a top into July 10 which would be 33 trading days from the May 22 high. 22 tds from the 5-22 high marked the recent low…..then a 11 day pop….
The Nikkei is following the form of the fractal from double years ago the best so probably best to watch it. (for a major breakdown from the next interim top).
Russell 2000 has already rallied back to it highs and crude oil has made new multi-year highs and shot above its upper BB which is more of a topping pattern. It is also the 5 year high of the alltime high in crude. Crude did go sideways for a week before flailing. So any big rally on Monday could have these markets breaking out even more.
A certain little component of a certain little indicator needs to get a little more overbought ala at the wave B high double five years ago. New moon early Monday morning.
APPLE Weekend update: http://niftychartsandpatterns.blogspot.in/2013/07/apple-weekend-update.html
S&P 500 Weekend update: http://niftychartsandpatterns.blogspot.in/2013/07/s-500-weekend-update.html
This was filled by the way…. http://screencast.com/t/H0vIhKQv2Wf
Time to take a small short… for the brave that is! Have a good weekend everyone…