US markets tried to rally last week, but didn’t succeed to print new highs, with the exception of the Dow Industrials. The market appears heavy, but hasn’t really broken down yet, so a further grind to marginally higher highs is still possible. Let’s have a look at the S&P 500 (click for larger image): The… Continue reading At the breaking point
Category: Market Commentary
Key reversal levels for week of July 21, 2014
Our key tables and comments for this week, now in slideshow format (click on expand button to see in fullscreen). If you have any trouble to see the presentation below, then you can also watch it directly on slideshare. Stay tuned, Danny
Chances for another high
US markets dipped last week, but recovered some ground already on Friday. Our LT wave chart for July indicated a bottom for the 11th, looks like it missed by a day. We are about to enter another lunar green period. Can this market climb to new highs once again? Let’s have a look at the… Continue reading Chances for another high
Key reversal levels for week of July 14, 2014
Our key tables and comments for this week : * The FTSE100 index has gone into fully bearish mode, the first major market to do so. The DAX is weak as well, but still holding above its weekly key reversal level. Both are testing their Bottom1 targets already. The US markets have been stronger and… Continue reading Key reversal levels for week of July 14, 2014
Déjà vu in the S&P 500
Stock markets seem unstoppable. The Dow has broken above 17000 and the S&P 500 is closing in on the 2000 level, completely in line with the S&P scenario we posted two weeks ago. The market setup is now a carbon copy of the one we had in late December (click for larger image): Overhead resistance… Continue reading Déjà vu in the S&P 500
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