Market Updates

Radar/Market Update – SPY

June 5, 2013
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Radar/Market Update – SPY – Market now oversold for the first time in almost 2 months. SPY has defended ATR support last two days (also 38% retracement). A break of lows (162.66) and SPY should see quick move to next major support at 160: 50day MA and 5/3 gap fill:

Radar/Market Update – SPX

May 29, 2013
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SPX near top of Long Term weekly channel going back to March 2009. Five wave patterns appear to be complete on at least 2 time frames. Potential Diamond Top now present in 34 min. Note market still defending 20day on dailly chart (orange line):

SPX Weekly

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Radar/Market Update

January 31, 2013
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Radar/Market Update – SPX still defending 1 standard deviation, and Russel back above:

SPX Daily

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Radar/Market Update/Followup

January 18, 2013
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Radar/Market Update/Followup –

SPX 1-Minute

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Radar/Market Update

January 18, 2013
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Radar/Market Update – Market coming into high probability window for bounce.  Study the setups marked.  Lookimg for reversal pattern on 1-min (haven’t seen yet):

SPX 1-Minute

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Radar/Market Update

December 14, 2012
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SPX still defending 50ma (and 10ma barely) and channel:

SPX Daily

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Radar/Market Update

December 5, 2012
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Radar/Market Update –

1. Market struggling to reach Inverse Head & Shoulders target from spike bottom on 11/16
2. Forming potential HS neckline

SPX 34-Minute

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Radar/Market Update

November 9, 2012
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Radar/Market Update – futures have now reached the 3x top projection and are just above ther 50% retracement levels.  Also note also the wave symetry (wave 3=wave1).  The H&S pattern is now active, with a target at July lows, 1315:

 

 

Radar/Market Update

November 7, 2012
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Radar/Market Update – Clear Head & Shoulder in place, with market at critical support.  If we break down, projection would be 1325-1330:

Radar/Market Update – QQQ

October 9, 2012
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Radar/Market Update – QQQ.  QQQ breaking down from textbook H&S.  Projection is 65.25 with 200-day below at 64.5.  As discussed in meeting yesterday, this Head & Shoulders is particularly bearish because of the distribution top now appearing to be a failed breakout of 52-week high:

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