Market Updates

Radar/Market Update

June 6, 2012
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This morning’s gap up confirms a short term wave 5 of 3 Low.  Targets above:
Minimum: 1300-1310
Maximum: 1322-1335

Radar/Market Update

June 5, 2012
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This rally clearly looks corrective, not impulsive… signs not a significant low:

Market Followup

June 5, 2012
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The Market appears to have put in a short term low with a breakout of an Innverse  HS pattern on the 8-minute chart.  Also note, from group meeting discussion on dislocation, that the low was almost exactly at the projection (noted on 2-minute chart):

SPX 8-Minute

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Radar/Market Update

June 5, 2012
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The market appears to be in the final stages of Wave 3 or C which started on 5/1/2011.  The short-term projection for Wave 5 of 5 of 3 (or C) is 1244.5.  However, longer-term projections have already been met, so a low could be made as a test of the Wave iii low at 1262.  Also note that due consideration should be given to the significant market weakness and the possibility that this wave will extend in a waterfall scenario:

SPX Daily

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Radar/Market Update

June 1, 2012
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The SPX has reached the upper area of the Wave 5 target at significant support:
1.  200-day MA
2.  October 2011 Intermediate-Term High
3.  ~50% Retracement of November 2011 – April 2012 rally
4.  38% Retracement of  October 2011 – April 2012 rally

Note:  2-minute chart has just given ATR buy, BUT no follow-thru yet:

SPX 2-Minute

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Radar/Market Update

May 31, 2012
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Radar/Market Update – Market breaking down from bear flag.  SPX target 1250-1280:

Emini 135-Minute

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Followup – Market Update

May 22, 2012
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SPX cash nearing upper channel and 38% retracement:

Radar – Market Update

May 21, 2012
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Radar – The SPX tagged the lower channel line on the close Friday as well as meeting an exact swing projection.  If this morning’s strength holds, we could see a wave 4 rally.  Also note the McClellan Oscillator is in oversold territory:

McClellan Oscillator

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Radar/Market Update

May 10, 2012
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Bullish view: Inverse Head & Shoulders forming after large ABC correction ending with 5-wave pattern.

Bearish view:  Market consolidating below 50ma, ATR, and neckline; 5-wave downtrend could be initial wave of larger downtrend.

Radar/Market Update

April 25, 2012
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Radar/Market Update – today’s high at exactly 50% retracement and into major resistance from previous hi/lows:

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