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
Tag: S&P 500
Room for another record high
The market came under some pressure last week, but still ended the lunar green period with a respectable 55 points gain on the Nasdaq. It looks like stock markets are ripe for an autumn correction, and the failure to build on gains last week is a warning sign. Is the decline getting started now? Let’s… Continue reading Room for another record high
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
Key reversal levels for week of August 5, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3342 Up RALLY S: 3568 Up S&P 500 BULL S: 1579 Up RALLY S: 1673.40 Up Nikkei BULL S: 12574 Up RALLY S: 13955 Up * FTSE 100 BULL S: 6284 Up RALLY S:… Continue reading Key reversal levels for week of August 5, 2013
LT wave chart for August
Markets came under pressure last week, but held up very well. The recent lunar red period produced a 27 points gain in the Nasdaq, which means the market continues to display strength. Another push higher is in the cards with a new lunar green period now underway. Let’s have a look at the S&P 500… Continue reading LT wave chart for August
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