Market Updates

Radar/Market Update

October 4, 2012
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Radar/Market Update – Futures at upper trendline of 2-week pennant.  Note pennant projection and upper channels at ~1500:

Radar/Market Update

September 27, 2012
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Radar/Market Update – The market is struggling to hold trendline and previous high…  so far looks like typical dead cat bounce.

Note no real upside traction (so far) with OBOS wind at its back:

 

135-Minute Emini

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Radar – Market Update

September 26, 2012
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Radar – Market Update – The SPX had the largest down day in 3 months and is approaching critical short-term support –
1.  Previous highs
2.  20MA
3. Short-Term Channel

Note: OBOS heading striaght down and has not begun to turn yet, and intermediate support is at 1408 (Intermediate channel, 50MA)

On the weekly – Potential Wave 5 of 5 (Long-Term Secular Top) in area of wave 5 Projections (1474-1494).  Note OBOS has turned lower with bearish divergence:

 

SPX Daily

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Radar/Market Update

September 20, 2012
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Radar/Market Update – inverse Head & Shoulders in play after early sell off.  Target is 1459.35:

Radar/Market Update

September 18, 2012
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Radar/Market Update – SPX has now corrected into 38% retracement, 50ma and ATR on 34-minute:

Radar/Market Update

September 4, 2012
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Radar/Market Update – SPX approaching OS level on daily chart.  1397.01 very significant in my opinion:
1. Confirm breakdown from 20ma
2. Weekly breakdown from OB level:

SPX Daily

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Radar/Market Update

August 28, 2012
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Radar/Market Update – IYT – Transports signaling major negative divergence to SP500.  IYT (blue) vs. SPY (green):

Radar/Market Update/Study

August 24, 2012
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Radar/Market Update/Study – SPX Weekly.  Note last week’s low was 1397.32.  Potential outside reversal week if we break that:

Radar/Market Update

August 17, 2012
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Interesting study via the Kirk Report.  Note that yesterday was day #10:

Kirk Study

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Radar/Market Update

July 16, 2012
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Radar/Market Update – the SPX held the 34-min ATR on the first test, similar to two previous tops.  Note right shoulder for potential H&S discussed friday is now apparent:

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