SPX

SPX-DAILY LINE CHART

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

SPX

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX WEEKEND REVIEW

I believe there is still more upside ahead for SPX and the market till about 1380-1385 before a reversal. Though the charts are indicating weakness, there is room for one more leg up before the reversal. (Keep in mind that the charts will determine my action).

Monday is likely going to be another down day for the market before it moves back higher setting up the last leg up before a strong reversal. The 1380-1385 level will be key. So look for shake up of both bulls and bears this coming week. Bull fakeout then Bear fakeout then Bull fakeout for a huge drop.

I'll do more chart review over the weekend. Though unlikely, any changes or additions will be made by 9am New York time on Sunday. No changes thereafter.

SPX-WEEKLY

SPX-DAILY LONGER TIMEFRAME

SPX-DAILY LINE CHART

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX, FXE (euro), APPL, USO (crude)

The price action of the market is looking very scary if you are a bull. While there is still more upside room before a reversal, it's looking like the reversal will be fast. Bulls should NOT be at all complacent because their lunch money is at stake
The market goes UP like an escalator but DOWN like an elevator. Do not get caught being on the escalator instead of in an elevator. It will be painful.

GLD(gold) and SLV(silver) failed to reach their entry points again.

SPX-DAILY LINE CHART

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

FXE (euro)- DAILY

AAPL-DAILY

USO (crude)-DAILY

SLV(silver), GLD(gold), FXE (euro) & SPX

Grinding continues as volatility disappears.

SLV (silver)

GLD (gold)

FXE (euro)

SPX-DAILY LINE CHART

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME