S&P Updates

Radar/Market Update

March 26, 2012
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SPX hovering below backtest of channel going back to mid-December.  A sustained push thru here would be very significant:

Radar/Market Update

March 22, 2012
By

The market appears to have made a wave 5 of 5 of 3 high.  Wave 4 projection – 1350-1370:

SPX Daily

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Radar – Market Update

March 9, 2012
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The futures have recovered all of Tuesday’s decline and are now hovering below the previous neckline (orange).  Note that a longer term H&S pattern may be developing (yellow).  Also note island reversal in SPY:

March Emini Full Session 135min

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Radar/Market Update

March 7, 2012
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The market has reversed from very significant resistance:
1. Neckline from major distribution top in 2007
2. 2001 closing weekly high
3. Weekly ATR
4. Swing Projection from October lows, as well as inverse H&S projection (not shown).

Based on recent weekly swings of similar position and degree, we can expect 2-3 week,  4% (+-.5%) correction. That gives a target of 1315-1330. Note the 10-week MA at 1331, and 50-day MA 1321 (not shown):

Radar/Market Update

March 6, 2012
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Radar/Market Update – futures trading down 12 at next support, +- 1353.  Double top projection and 50% retracement to 1/30/12 low is +-1336:

Radar/Market Update

February 16, 2012
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SPX 1-Minute:

Radar/Market Update

February 15, 2012
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The SP500 futures are trading up 10pts, .72% and are above short-term resistance at 1352.  The top of the current trading channel is now 1370-1372 (see 2nd chart).

Via Kirkreport.com: Yesterday marked the 30th day so far this year without a 1% down day – the 14th-longest streak since 1928.  The last picture shows how the S&P has performed historically after it has started the year off the same way previously (http://sentimentrader.com/):

March Emini Day Session 3min with NYSE CumTick

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Radar/Market Update

January 31, 2012
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The SP futures broke down from the 5-week channel and quickly followed thru to the mid-channel projection. They have rallied strongly from there back to test the lower channel and ATR (see 2nd chart).

Note: NYSE cumulative tick still trending higher (1st chart).

March Emini Day Session 3min with NYSE CumTick

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Radar – Market Update

January 27, 2012
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Radar – Bull Hook in SPX yesterday (with previous day midpoint at 1317.98, and a close 1318.45).  Also still in channel on 135-min chart.  Lastly, note NYSE Cumtick still heading strongly up, even during pullbcks, which indicates buyer anxiety –

March Emini Day Session 3min with NYSE CumTick

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Radar/Market Update

January 10, 2012
By

Futures are trading above January 3rd highs this morning, and the market is poised to break out of the recent range.  Note that both the daily SPX and 135-minute ESH are in OB territory.  Therefore the market needs to accelerate to the upside on good volume or it could be vulnerable to a reversal from new highs as we have so often recently.

The next hurdle is to close above 1285.08 SPX, the October 2011 closing high.

March Emini Day Session 3min with NYSE CumTick

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