A navigation system for trading the S&P500 index
OSC turns negative
L/T Sell Signal now in place.
Failure at 55 ema – look for move to 1950 or lower.
We may have found support at the S2 line.
Overnight bullish trades still looking good.
No CommentsYesterday's sharp move down and break through of the 55 ema suggests that there may be more downside.
Look for a possible test/break of the previous low at 1970 to scare the weak bulls before another re-test of the highs.
No CommentsWith this morning's break below 2048, a Sell Signal is generated at 2030.
Sell warning confirmed by T volume oscillator
Potential trend line support at 2020.
Hold onto your hats.
No CommentsA wild start to the new year, with profit taking of the santa rally, (note similarity with last year)
but managed to stay above the mid-point proving that the bulls may still be in charge.
No CommentsCover signal yesterday below 2075 triggered at 2070.
Lets see if the mid-point hold in early trade today.
No CommentsNothing much to say other than Happy New Year!
Bulls remain charge and what a Bumper year 2014 was – WOW!
No CommentsSanta Claus rally under way.
Look for a pullback to S1 for a bounce and/ or an attempt on 2100.
We are taking a break – back on the 29th.
No CommentsOSC should make a Buy signal on monday and we should expect to see some follow through of the santa rally into the New Year.
Target 2100
No CommentsL/ T Buy signal at the close with the move through 2052.
Santa rally firmly on now. Target new highs in 2100 area.
T vol oscillator now on BUY signal activating the T structure into late Jan.
OSC should confirm within a few days.
(note how the market is becoming more vertical in recent months)
No CommentsA Short Term Buy Signal at the close 2013.
T volume oscillator looks strong.
My reservation is that we are sitting just below the 55EMA and that can be a place of rejection
(see previous recoveries).
No Comments