Spot the Bear. Weekly chart analysis of S&P500

eganon69 · Mar 12, 2016

Conversely, if there are indications of a down trend you would look for reversion to the mean and go SHORT.

I Know You · Mar 14, 2016

100 points to next reaction NDX.

S2007S · Mar 14, 2016

This guy says keep buying predicts 2350 on s$p by end of the year...another 16% jump from Fridays close

http://www.cnbc.com/2016/03/11/this-is-judgment-day-for-stocks-technician.html

der_kommissar · Mar 14, 2016

I've seen the 2350-70 targets from a few sources...It seems to assume the 2135-1800 area is a Wave 4 (I'm just guessing here)...the 2350-70 area would just be another fib extention to a W5 top.

recession2016 · Mar 14, 2016

der_kommissar said:
I've seen the 2350-70 targets from a few sources...It seems to assume the 2135-1800 area is a Wave 4 (I'm just guessing here)...the 2350-70 area would just be another fib extention to a W5 top.

possible but where the hell are the buyers going to come from

J_Smith · Mar 21, 2016

Nothing is certain in life, but if things do happen then it is no harm to be prepared just in case!

J_S

Rashid_G. · Mar 21, 2016

True.. also beware of unfinished candles.

der_kommissar · Mar 21, 2016

recession2016 said:
possible but where the hell are the buyers going to come from

I don't subscribe to this belief, but it's the emotional reaction to markets that pivot on a dime and rally 15% higher in a month (after dropping likewise for the prior 6 weeks)...It's a Fed induced hyper-volatile trading range...

Part of the "wiseguy" analysis would include the fact that the Fed would not want a 30% rally in short order (because it would most certainly set the stage for a crash of epic proportions)...hence why we hear chatter about NIRP at 1800 and now we have the round robin of mouthpieces going "hawkish" again (twice just today)...i.e. Fed induced range...when stocks get ahead of themselves, the chatter has to keep things in check...(last November was very similar).

der_kommissar · Mar 21, 2016

J_Smith said:
Nothing is certain in life, but if things do happen then it is no harm to be prepared just in case!

A few very good cycle guys see a major market low 2nd-3rd week of June...After watching the past few days it is very easy to forget that a month ago we saw more range in a 15 minute bar than we did in an entire session recently..

J_Smith · Mar 22, 2016

der_kommissar said:
A few very good cycle guys see a major market low 2nd-3rd week of June...After watching the past few days it is very easy to forget that a month ago we saw more range in a 15 minute bar than we did in an entire session recently..

Well, your take on Fed is not hard to believe, as there is no doubt their comments are structured for a reason!

As for june low..only time wil tell..but if you look at SPX daily..that long arm is gona give at the elbow shortly..all is needed is one bad news story..down we go again
J_S