Just wanted to update what I’m seeing in the S&P 500 this week, as well as my outlook… Read the rest of this entry »
Posts Tagged ‘Bearish’
SPY (199.3 currently) has followed the pattern I expected per my last update yesterday. After slipping this morning, SPY’s rallied back into the early afternoon. This is a ST undulation in accordance with ST technical patterns, and it will fade, yielding to the primary, bearish patterns en force… Read the rest of this entry »
My last update nailed SPY’s intraday reversal, its subsequent (1st) support, and the ensuing rally. Now, SPY has reached my “target 1st resistance ~199.5 (+4.2% fm current), which is the 15min LT H&S top’s R shoulder,” and therefore I expect a reversal lower starting right now… Read the rest of this entry »
Here’s an intraday update on $SPY… Read the rest of this entry »
I’ve spent considerable time synthesizing all of the information I’ve consumed since my last “Bull v. Bear” entry, and enough has changed for me to render a new, timely, cogent market opinion. The following signals-through-the-noise attempt to substantiate an objective, data-driven narrative that can guide me through the equity market over the coming days, weeks, months, and quarter…
The S&P 500 ($SPX) enjoyed a faint recovery today, continuing its bounce off multiday support @ $177–a low it sniffed intraday yesterday. As the picture continues to develop, I wanted to consider the potential paths the market may pursue hereafter. The charts are rather resolute in their bearishness, but I’m looking for my next checkpoints and triggers to help manage the portfolio.
P-A-T-S, Pats, Pats, Pats…