USD buyers have returned -- no equity consensus and mixed signals dominate yet again.
Market Outlook
- Thread starter GrandSupercycle
- Start date
SP500 intra day reverts to choppy bear mode.
Obama speech today and G7 meeting possible market reaction aside -
SP500 intra chart still looks bearish and if iâm correct then the upleg
did end yesterday. SP500 futs last 1195.25
SP500 intra chart still looks bearish and if iâm correct then the upleg
did end yesterday. SP500 futs last 1195.25
Memories of what you posted on August 15th, 2010 on your blog :
" DOW and SP500 weekly charts Fri Aug 13 inclusive.
The indexes continue to be pulled in opposing directions by the
buyers and sellers â as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.
As mentioned earlier, weekly and monthly charts have been topping
and basically going sideways since early May 2010. This topping
process will cease and increased selling pressure and more bearish
consensus should result in a more pronounced downtrend
developing.
EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.
CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.
COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time â warning whatâs ahead for the global
economy.
Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "
" DOW and SP500 weekly charts Fri Aug 13 inclusive.
The indexes continue to be pulled in opposing directions by the
buyers and sellers â as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.
As mentioned earlier, weekly and monthly charts have been topping
and basically going sideways since early May 2010. This topping
process will cease and increased selling pressure and more bearish
consensus should result in a more pronounced downtrend
developing.
EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.
CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.
COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time â warning whatâs ahead for the global
economy.
Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "
SP500 emini short 1198.25
SP500 short signal looking good so far (ie new down leg starting)
Lucrum, as mentioned many, many times I post ALL my trades on my blog - including the losing ones.
http://stockmarket618.wordpress.com
SP500 intra day chart now bearish. Daily is neutral. Weekly is
bearish.
Medium and long term outlook for bearish EURUSD and bullish USD
continues. The very overdue dollar rally should be substantial.
http://stockmarket618.wordpress.com
SP500 intra day chart now bearish. Daily is neutral. Weekly is
bearish.
Medium and long term outlook for bearish EURUSD and bullish USD
continues. The very overdue dollar rally should be substantial.
SP500 next downleg looks confirmed and USD uptrend strengthens.
Lucrum - congrats, you have now confirmed you're a troll and will be placed on ignore. Bye.
Lucrum - congrats, you have now confirmed you're a troll and will be placed on ignore. Bye.