http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aus7JfYgvMqg
Week Ahead: Stock Market Watches Economy for Signs of Double Dip
http://www.cnbc.com/id/38695912
Halftime: Technical Pattern of S&P 500 Signaling 10% Decline?
http://www.cnbc.com/id/38692765
Darting, Volatile Market Gets New Description: Wolf
http://www.cnbc.com/id/38692750
For Dow Theorists, Two Flashing Trends
http://www.cnbc.com/id/38676485
Is It Time to Surrender to the Downtrend?
http://www.cnbc.com/id/38692789
Euro May Test 8-Year Low on Ichimoku Break: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=ahiEe49d9eqw
Oil to Hold $75 as Rising Pattern Unbroken: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=anDM.3PLJ7Nk
‘Hindenburg Omen’ Suggests Slump in Stocks: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aHQKRDhjzkEs
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aELx1n6HSCZE
Semiconductor Index Breaks Diamond Pattern: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aiG5SzteiDnY
Platinum May Fall to $1,492 on ‘Double Top’: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a67yf8RiMKfE
Traders Should Watch Yen’s Gain Versus Yuan: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aidLFhDHtKpw
Dollar Index Breaks Longest Losing Streak in 5 Years on Outlook
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aFBocQRjLkRg&pos=4
U.S. 10-Year Note Resistance at 2.62% Yield: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aJ4vYzzDraB0
Crude Oil Weekly Technical Outlook
http://oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2010081413931/
http://oilngold.com/ong-focus/technical/gold-weekly-technical-outlook-2010081413933/
Fibonacci Counts: The market has traded very nicely compared to Fibonacci numbers from peaks and troughs. The next couple days are a perfect time based on the Fibonacci count of 144 days to complete the right shoulder from the left shoulder. The RSI provides room for this to occur.
SPX-daily: The market has been tracing out a potential head and shoulders topping pattern for weeks. I had two different time frames for that right shoulder, which included July 31st and August 6/9th. August 10-11th is Fibonacci 143/144 days between left and right shoulders. The chart below reflects the market has maintained price inside the wedge and below the prior high in red and the 62% retracement level in black. It’s also below the upper Bollinger Band, which coincides with the retracement level of 62%. I’d really like to see the right shoulder finish a tad below the upper band, as that fits well within the book, “Bollinger on Bollinger Bands” on the correlation of a right shoulder and Bollinger Bands.
No comments:
Post a Comment