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Markets are now sitting at their upper ranges from earlier this month. I was expecting this area to be targeted, just not in 1 day. If the higher low is put in, it will be in this zone. Bulls need to hold this area, or a retest of the low will be in the cards.

'Quiet so far awaiting the fed announcement. As stated above, 1360 was the upper end of the range of resistance. The market may be setting up for another rally on the fed meeting and sell on the announcement scenario. I'm leaning towards a slight up day, making a fifth in a row, and then a...

usually spreads with a limit.

Creating the largest VIX and ES bar for some time, the market reversed the enthusiasm for the weekend's news with gusto. The SPX has found it's range for now. Another move lower would potentially create an inverted head and shoulder pattern. If 1260 breaks it is lights out for the bulls, and...

SPX is now 20 points from the 1291 low. Decision time. there needs to be a higher swing low placed near here for the next move higher coinciding with some nice fib levels, retest the 1292 level, or flush out more sellers by targeting the 1280 zone. For now support zones on the ndx, comp, dow...

yes, or avast.

After 6 days down in a row for the SPX, day 7 was the bounce. It was humorous seeing cnbc participants guessing where the Facebook ip would top out. Some went as high as 90-100. The situation has been a debacle, further decreasing the trust of the public. SPX put in a low just below support...

that would be quite a move. this is day six in a row in the red. JPM is getting hammered and down 30% since the admission of the losses. SPX 1300 has given way and is carving out new lows with the overnight es low now taken out. The fact the market opened up was a gift to those needing...

thanks murray.

Cash 1340 has been breached but 1335-1340 may be the actual support zone. However, the selling appears orderly. None the less, a move to spx 1300 cannot be outruled as a complex head and shoulders formation looks confirmed. As a whole, most charts are ugly technically, but some, like the comp...

monthly

It is fairly common for the cash to close the gap on a Monday morning. But this doesn't seem to alleviate, at least some of, the sleeplessness going into Sunday night over worries of a major market drop. Somewhat surprisingly, the es had closed the gap on its own by the cash open. Today's low...

I believe you are mistaken. government has a spending problem, not an income problem. With adequate resources they couldn't see the the largest scam artist in history under their nose.

After SPX had 4 up days in a row, the fifth is, so far, in negative territory. It is amazing how quickly the pundits flip the view point. It seemed many were predicting a move to 1327 using everything from measured move analysis to fib ratios. Since SPX held the 1357 level, twice, and has now...

thanks for the info. If they have a leading model it would be interesting to track. I can't seem to find it on their site, probably because i'm too tired to see straight, plz clue me in, thanks.

'Just thinking out loud and making what hopefully amounts to be an educated guess. You offer great analysis as well. thanks.

SPX remains in a trading range of 1340-1420. In my view, the critical level for support is 1357. If this breaks, SPX will go to 1340 and likely 1300. The good news is markets are largely holding their own with AAPL declining. This may change if the earnings are not viewed favorably...

they go after low hanging fruit. they also used pretty aggressive language when results haven't even come out.

likewise

the odds of that occuring in an election year for the spx are low. 1325-1340 should be solid support.