SPX-DAILY I
SPX-120MIN
SPX-60MIN
SPY-15MIN
Tuesday, February 28, 2017
Monday, February 27, 2017
Friday, February 24, 2017
AAPL, GS, IWM, NFLX, QQQ, SPX WEEKEND REVIEW
Bearish patterns abound. They are all over the place. Fast move lower about to take place so don't get caught on the wrong side. The rise taking place at the moment is a trap that will catch complacent bulls, perma-bears turned perma-bulls (now that Obama is gone) and weak bears as they give up. The bull trade has gotten overcrowded.
Just like the market bottomed the first week of March 2009 after Obama took office, the coming week will be the first week of March since Trump took office. So expect the market to top out this coming week if it hasn't already done so on Friday.
Also, the euphoria about the market has reached fever-pitch levels as everyone now thinks buying stocks is the best investment in town. Fundamentals are also looking very good. This is exactly what market tops look like. A time when it appears nothing can go wrong. As a result, complacency becomes very high before everything falls apart in short order. We are at that point, so don't be fooled by the rise now taking place. It will all be erased shortly with one down candlestick erasing many up candlesticks.
AAPL-DAILY
GS-WEEKLY
IWM-WEEKLY
NFLX-WEEKLY
QQQ-DAILY
SPX-MONTHLY
SPX-WEEKLY
SPX-DAILY III
SPX-DAILY II
SPX-DAILY I
SPX-120MIN
SPX-60MIN
SPY-15MIN
Just like the market bottomed the first week of March 2009 after Obama took office, the coming week will be the first week of March since Trump took office. So expect the market to top out this coming week if it hasn't already done so on Friday.
Also, the euphoria about the market has reached fever-pitch levels as everyone now thinks buying stocks is the best investment in town. Fundamentals are also looking very good. This is exactly what market tops look like. A time when it appears nothing can go wrong. As a result, complacency becomes very high before everything falls apart in short order. We are at that point, so don't be fooled by the rise now taking place. It will all be erased shortly with one down candlestick erasing many up candlesticks.
AAPL-DAILY
GS-WEEKLY
IWM-WEEKLY
NFLX-WEEKLY
QQQ-DAILY
SPX-MONTHLY
SPX-WEEKLY
SPX-DAILY III
SPX-DAILY II
SPX-DAILY I
SPX-120MIN
SPX-60MIN
SPY-15MIN
Thursday, February 23, 2017
Wednesday, February 22, 2017
Tuesday, February 21, 2017
Friday, February 17, 2017
SPX WEEKEND REVIEW
This is the last weekend seeing many charts because they will not be there next weekend. This is cleanup-weekend for me. It is indeed a welcomed break because I'm tired of seeing and posting them. Now time to make room as we welcome the bears. That is, if they are not too shy to come out. Everything is now set for them.
Ladies and gentlemen, please join me to give a big round of applause as we welcome the bears!!!
Shy Bears
Happy Bears
SPX-MONTHLY IV
SPX-MONTHLY III
SPX-MONTHLY II
SPX-MONTHLY I
SPX-WEEKLY III
SPX-WEEKLY II
SPX-WEEKLY I
SPX-DAILY IV
SPX-DAILY III
SPX-DAILY II
SPX-DAILY I
SPX-120MIN
SPX-60MIN
SPY-15MIN
Ladies and gentlemen, please join me to give a big round of applause as we welcome the bears!!!
Shy Bears
Happy Bears
SPX-MONTHLY IV
SPX-MONTHLY III
SPX-MONTHLY II
SPX-MONTHLY I
SPX-WEEKLY III
SPX-WEEKLY II
SPX-WEEKLY I
SPX-DAILY IV
SPX-DAILY III
SPX-DAILY II
SPX-DAILY I
SPX-120MIN
SPX-60MIN
SPY-15MIN
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