Oddstrader's year end upside targets are in black.
Market Breadth Data******************************
Saturday, May 28, 2016
$SPY A Look Ahead
Assuming the lows are in, these are the price parameters for the SP500 until the end of 2016, based on average annual price advances and bottom reversals:
Oddstrader's year end upside targets are in black.
Oddstrader's year end upside targets are in black.
Wednesday, May 25, 2016
$SPY Pattern, Trend and Time
The last up-swing to break above 2080 lasted 8 days, or twice the average:
Currently, an 8 day upswing coincides with the end of May.
Resistance @ 2111.
Currently, an 8 day upswing coincides with the end of May.
Resistance @ 2111.
Tuesday, May 24, 2016
$SPY and Bullish participation
The improvement in market breadth, noted last week, has been accompanied by declining bullish participation (a non-confirmation, so far):
Wednesday, May 18, 2016
$SPY Repeating Patterns
While everybody is focused on the developing head and shoulders pattern, there are other patterns in play as well:
They imply a different timing and a bigger sell-off.
They imply a different timing and a bigger sell-off.
Monday, May 16, 2016
Sunday, May 15, 2016
Saturday, May 14, 2016
$SPY Pattern and Trend
The SPX is forming a potential head and shoulders pattern and a break below the neck line points to a 1945 price target:
At the current rate market breadth can deteriorate for a few more days before reaching oversold levels:
At the current rate market breadth can deteriorate for a few more days before reaching oversold levels:
Friday, May 13, 2016
Thursday, May 12, 2016
Wednesday, May 11, 2016
$QQQ and Market Breadth
The average market breadth swing duration for the QQQ and SPX is a little over 4 days. The current market breadth upswing for the Qs and SP500 is in its fifth day:
The overbought/oversold triggers are 36 and 16
The overbought/oversold triggers are 36 and 16
Tuesday, May 10, 2016
$SPY Swing Pattern and Target
Since the length of the preceding counter-trend swing was exceeded, this looks more like a new impulse swing with a minimum target of 2080:
Sunday, May 08, 2016
Saturday, May 07, 2016
$QQQ Trend and Support
One day bounces haven't worked very well for bulls lately, but considering the length of the current decline, and the presence of nearby support, something more than a dead cat bounce should be expected:
Market breadth continued deteriorating:
Ditto for the SPX:
Market breadth continued deteriorating:
Ditto for the SPX:
Friday, May 06, 2016
$SPY Swing Chart
SPX500 without the price noise and with two swing displays with different price sensitivity:
Following a weak jobs report, the futures are finding support at the 2035 level mentioned before.
Lower support @ 2022.
Following a weak jobs report, the futures are finding support at the 2035 level mentioned before.
Lower support @ 2022.
Wednesday, May 04, 2016
$FANG Turnaround in a Bull Trend
The FANG stocks ( FB, AMZN, NFLX and GOOG) are signaling a sharp turnaround within a bullish uptrend:
(Chart updates daily at the bottom)
(Chart updates daily at the bottom)
Tuesday, May 03, 2016
$SPY Bull/Bear Tug-of-War
The tug-of-war @ 2080 continues despite the barrage of bad news from the likes of GOOG, AAPL, MSFT, GILD, etc.:
Support @ 2035, resistance @2110
From February 11 to April 20 the SPX gained 15% for an annualized rate of 110% -- clearly unsustainable, and a period of sideways/down price action is inevitable.
Support @ 2035, resistance @2110
From February 11 to April 20 the SPX gained 15% for an annualized rate of 110% -- clearly unsustainable, and a period of sideways/down price action is inevitable.
Sunday, May 01, 2016
$SPY and Decennial Cycle
So far 2016 is showing close correlation with the Decennial cycle, in general, and with years 1956, 1986 and 2006, in particular (ranging between 83% and 93%):
(Chart courtesy of OT Seasonal)
The average for the selected years is displayed in red.
In the meantime, the Qs reached their support zone:
(Chart courtesy of OT Seasonal)
The average for the selected years is displayed in red.
In the meantime, the Qs reached their support zone:
Subscribe to:
Posts (Atom)
Terms of Use
All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.
Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.