I’m looking for a bottom today guys… and probably within the next couple of hours. While the short term charts are bearish and the market looks ready to rollover it just “feels” like they won’t let it. I think would could get a few more points lower (maybe to 1577 spx?) and that will probably be it for the day.
Outlook for next week is “sunny and cloudy” weather with chop all week long likely. Next week I don’t expect any more moves lower then what we are seeing today. Crazy huh? But these gangsters are likely going to turn this pig back up as by early next week all the short term charts will reset back to bullish mode.
GOLD Support and Resistance levels: http://niftychartsandpatterns.blogspot.in/2013/04/gold-support-and-resistance-levels.html
Death Cross of EURUSD: http://niftychartsandpatterns.blogspot.in/2013/04/death-cross-of-eurusd.html
ES Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/04/es-support-levels_29.html
UNITED States Oil chart analysis: http://niftychartsandpatterns.blogspot.in/2013/04/united-states-oil-chart-analysis.html
IWM Weekend update: http://niftychartsandpatterns.blogspot.in/2013/04/iwm-weekend-update_27.html
APPLE Inside day and Positive Divergence: http://niftychartsandpatterns.blogspot.in/2013/04/apple-inside-day-and-positive-divergence.html
GOLD Reacting from broken support line: http://niftychartsandpatterns.blogspot.in/2013/04/gold-reacting-from-broken-support-line.html
I’m looking for a bottom today guys… and probably within the next couple of hours. While the short term charts are bearish and the market looks ready to rollover it just “feels” like they won’t let it. I think would could get a few more points lower (maybe to 1577 spx?) and that will probably be it for the day.
Outlook for next week is “sunny and cloudy” weather with chop all week long likely. Next week I don’t expect any more moves lower then what we are seeing today. Crazy huh? But these gangsters are likely going to turn this pig back up as by early next week all the short term charts will reset back to bullish mode.
AMAZON Bull Flag pattern: http://niftychartsandpatterns.blogspot.in/2013/04/amazon-bull-flag-pattern.html
SPY Chart update: http://niftychartsandpatterns.blogspot.in/2013/04/spy-chart-update.html