Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3590 BULL S: 3410 6.69 (7.47) DECLINE * R: 3635 -1.62 (-1.39) S&P 500 1633 BULL S: 1595 3.79 (4.96) DECLINE R: 1667.20 -5.82 (-5.72) Nikkei 13389 BULL S: 12634 1.33 (2.12) DECLINE R: 13844… Continue reading Key reversal levels for week of September 2, 2013
Tag: gold
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 $1315.30, so it takes a close back above that level to switch into rally mode again. Stock markets… Continue reading Quick mid-week update
Key reversal levels for week of July 22, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3294 Up RALLY S: 3502 Down * S&P 500 BULL S: 1563 Up RALLY S: 1647.50 Up Nikkei BULL S: 12450 Up RALLY S: 13885 Down * FTSE 100 BULL S: 6249 Up RALLY… Continue reading Key reversal levels for week of July 22, 2013
Will the Euro point the way?
Yesterday the Euro/US$ closed above its daily key reversal level and is now officially in rally mode. It still needs a weekly close above 1.3188 to get into bullish status again. The Euro could be pointing the way forward for several other markets as well. E.g. gold has been moving up and down with the… Continue reading Will the Euro point the way?
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