SPX Road Map

The current pullback is roughly on course with a move fulfilling the wedge pattern (black dashed).  Having slightly pushed through the patter, the current movement looks to be a consolidation and we watching for more drop, at least to the highlight (yellow) solid blue s/r. If the market breaks through this, we are then looking […]

The chart of the weekly long term perspective above is the view we have been following in our inter-issue updates for some time now (June 6th 2013 first appeared in updates, see lower inlay). Note the long-term view in the inlay (top left).  There appears to be a 7 year cycle between tops and bottoms […]

WEEKLY As the markets were closed on Monday, the current chart reflects the end of last week, and last week’s bar.  Current weekly bar will not be printed until the start of trading tomorrow. Chart 3 shows us the market had a large range, but ended the week only slightly negative. The W%R above the […]

WEEKLY The market has had a lift since last update, bringing it back to previous highs.  The W%R has also lifted, moving further above the -20 level.  This is indicating positive pressure on the market and a potential for the lift to continue. DAILY I had drawn in the blue & grey ellipses last update, […]