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S&P500

Which one is more likely to happen?

trendlines      ( Date: 16-May-2010 18:19) Posted: Long-Term chart of SPX updated: Two possibilities - a giant bearish H&S, or a bullish Megaphone pattern. http://trendlines618.blogspot.com/2010/05/s-long-term-chart-update.html

 

Long-Term chart of SPX updated: Two possibilities - a giant bearish H&S, or a bullish Megaphone pattern.

http://trendlines618.blogspot.com/2010/05/s-long-term-chart-update.html

 

Omnious indeed. The folks at Elliott Wave International are more bearish than my blog - calling for a serious dive for US stocks lasting for longer than the next couple of years. Time will tell.

 

Yea...

And all supports are simply penetrated like they don't exist... 

This is real ominous...

 

After last week's carnage, some trendlines were broken. Medium-term bearish on the S&P500:

http://trendlines618.blogspot.com/2010/05/s-medium-term-bearish.html

 

Good call pharoah88

pharoah88      ( Date: 22-Mar-2010 12:51) Posted: S&P 500 Index: Attaining new yearly highs Moving inline with its counterpart. As with the DOW, the S&P 500 (SPX Index) saw a new yearly high and closed up 0.9% during the previous week. Similar to its counterpart, the S&P is still looking bullish as evidenced by the uptrend seen in the 14-day ADX that in turn signals strengthening momentum. Moreover, the present Wave 5 is also expected to propel the index further. On track to surpass the 1,200 mark. Our target and resistance remains unchanged from the previous week at the 1,209 level as identified by the high that was attained during late Sep 08. Support, meanwhile, is found at the 1,134 mark as derived from the trend low that occurred on early Mar 10.

 

S&P 500 Index: Attaining new yearly highs Moving inline with its counterpart. As with the DOW, the S&P 500 (SPX Index) saw a new yearly high and closed up 0.9% during the previous week. Similar to its counterpart, the S&P is still looking bullish as evidenced by the uptrend seen in the 14-day ADX that in turn signals strengthening momentum. Moreover, the present Wave 5 is also expected to propel the index further. On track to surpass the 1,200 mark. Our target and resistance remains unchanged from the previous week at the 1,209 level as identified by the high that was attained during late Sep 08. Support, meanwhile, is found at the 1,134 mark as derived from the trend low that occurred on early Mar 10.

 

S&P 500   1188

 

We are on the doorstep of a correction here IMHO. Although bigger than recent dips, not expecting a plunge. Here's an update on US markets:

http://trendlines618.blogspot.com/2010/03/s-dow-jones-nasdaq-russell-whos-weakest.html

 

Do share the rumours if possible :)
SPX support 1133, may have one more high ahead around 1153, before a reversal.

Chart & trendlines available on blog as usual.

iPunter      ( Date: 08-Mar-2010 03:50) Posted: There's some unconfirmed rumours going on. May affect the market today..

 

There's some unconfirmed rumours going on.

May affect the market today..

 

What a tremendous friday it was on Wall Street. So, are we gonna have yet another bullish monday. I think, maybe not. Here's my thoughts:
http://trendlines618.blogspot.com/2010/03/spx-short-term-overbought.html

 

SPX has broken out of a very short-term triangle, indicating a move higher to 1130, followed by a possible reversal next week. Charts and analysis can be found on the blog as usual.

 

Hello folks! My last World Markets Update post during the weekend called for a short-term bullish breakout in asian and us markets - right on target!

For today, expecting consolidation. Updated trendlines here:

http://trendlines618.blogspot.com/2010/03/s-short-term-expecting-consolidation.html

 

That's a good point you make Moderate. I do watch the other indexes for any divergences. Another index to watch is the Transports.
I believe in sharing knowledge and ideas for the benefit of all. Appreciate your future contributions too.

Here's an update of what may be ahead for US & Asian markets including STI:
http://trendlines618.blogspot.com/2010/02/world-markets-update-s-shanghai-hang.html

Feel free to contribute your analysis & ideas folks.

Moderate      ( Date: 28-Feb-2010 15:54) Posted: Sometimes it is difficult to count just the S&P, you have to rely on DJIA and Nasdaq to be sure.  Do you count the same thing for DJIA and Nadaq?

 

and also their futures which often give interesting inputs.

 

Sometimes it is difficult to count just the S&P, you have to rely on DJIA and Nasdaq to be sure.  Do you count the same thing for DJIA and Nadaq?

 

Thanks for your participation Moderate. Apart from wave 1 that does not have an "impulsive look", no elliott rules have been broken on the chart, IMHO. Remember, real life waves donot look exactly like text-book, what is important though is the form and psychology behind it. It is difficult to count waves real-time, so what i put up is just a "foolish attempt" based on the most obvious count, as mentioned in my post.
We would appreciate if you could share your count, or your take on it. :)

Moderate      ( Date: 26-Feb-2010 22:34) Posted: it is unbelievable the way the waves are counted.  There are rules to counting so I recommend a second opinions.  trendlines      ( Date: 26-Feb-2010 18:10) Posted: Interesting article nuiyear, thank you. Not sure about Citi, but here's my near-term bullish wave count based on recent action: http://trendlines618.blogspot.com/2010/02/s-short-term-back-at-fork.html

 

it is unbelievable the way the waves are counted.  There are rules to counting so I recommend a second opinions. 

trendlines      ( Date: 26-Feb-2010 18:10) Posted: Interesting article nuiyear, thank you. Not sure about Citi, but here's my near-term bullish wave count based on recent action: http://trendlines618.blogspot.com/2010/02/s-short-term-back-at-fork.html

 

Interesting article nuiyear, thank you.

Not sure about Citi, but here's my near-term bullish wave count based on recent action:

http://trendlines618.blogspot.com/2010/02/s-short-term-back-at-fork.html