As mentioned in my weekend post giving our key reversal levels, my method also spins off key target levels along the way. Here they are in table format, and from now on I will include them in my weekly key reversals post: Key Targets Up(W) Up2(W) Down(W) Down2(W) Up(D) Up2(D) Down(D) Down2(D) Nasdaq 3690 3920… Continue reading Key target levels
Tag: FTSE 100 Index
Key reversal levels for week of August 19, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3379 Up DECLINE R: 3632 Down S&P 500 BULL S: 1589.20 Down * DECLINE R: 1684.10 Down Nikkei BULL S: 12573 Down DECLINE R: 14115 Up FTSE 100 BULL S: 6304 Up DECLINE R:… Continue reading Key reversal levels for week of August 19, 2013
Downside targets for the S&P 500
Markets broke down yesterday. This means the window for potential new highs is now going to be closed for a while. Looking for possible downside targets, this chart can become useful (click for larger image): The important green trend line was now clearly broken again, and this means the first support should come at the… Continue reading Downside targets for the S&P 500
Key reversal levels for week of August 12, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3375 Up RALLY S: 3597 Down S&P 500 BULL S: 1586.80 Up RALLY S: 1675.70 Down Nikkei BULL S: 12623 Down * DECLINE R: 14207 Down FTSE 100 BULL S: 6296 Up RALLY… Continue reading Key reversal levels for week of August 12, 2013
Quick mid-week update
Yesterday gold closed below its daily key reversal level, which puts it in decline mode again. This means gold could now go on to retest the June lows. The daily key reversal for gold is now at $1315.30, so it takes a close back above that level to switch into rally mode again. Stock markets… Continue reading Quick mid-week update
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