Key reversal levels for week of August 26, 2013

Our key reversal levels going into next week: Current Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq 3657.8 BULL S: 3395 7.47 (7.67) RALLY * S: 3609 -1.97 (-2.48) S&P 500 1663.5 BULL S: 1592.60 4.96 (5.67) DECLINE R: 1676.30 -6.47 (-6.77) Nikkei 13660 BULL S: 12602 2.12 (2.90) DECLINE R: 13981… Continue reading Key reversal levels for week of August 26, 2013

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