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An oversold reflexive rebound is imminent with the first test of the widely watched 200 Day Moving Average confluent Monthly Implied Volatility Bands lower support.

SPX Daily Chart 10-13-14

Buyers are unable to extend momentum beyond last Friday’s “Quad-Witch” options expiration. Widely watched 50 Day Moving Average awaits below.

SPX Daily Chart 9-24-14

Buyers rescue prices just above the anticipated SPX ascending 50 Day Moving Average support.

SPX Daily Chart 9-19-14

SPX two week consolidation pattern resolves lower with a test of an ascending 50 Day Moving Average the likely next stop.

SPX Daily Chart 9-9-14

All eyes are on Friday’s upcomming Non-Farm Payroll Report with SPX starting the week near all-time highs.

SPX Daily Chart 9-2-14

After the typical mid-summer corrective phase, SPX approaches the start of September and return of vacationing market participants hovering near all-time highs. All eyes are on Friday’s Non-Farm Payroll report with the reaction to this report to determine the durability of the current rally. Until then, caution is warranted as the lack of volume fails […]

Normal Seasonal Weakness Weighs on Equity Indices

SPX Daily Chart 8-4-14

With a return of seasonal volatility to financial markets last week, we believe this is a good time to review and evaluate our earlier views. In prior commentaries, we were very cautious and reluctant to add any further exposure to equity index complexes as U.S. equity markets extended to historic highs this past June and […]

Please Pardon our dust…

Please Pardon Our Dust

Pardon our dust as we prepare for enhanced analysis and commentary starting early-September 2014. All Implied Volatility Bands, Market Zeitgeist / Emptus signals and Overnight Futures tables are current and will continue to be updated throughout as we prepare for the launch of our enhanced content.  

Reversal risk elevated as equity indices are vulverable with confluent overbought indicators.

06-23-14 SPX Daily Headline Chart

The relentless grind higher of the U.S. equity indices can’t be denied. However regardless of one’s optimism, indices are nearing extreme overbought levels with confluent confirming indicators. For example, SPX RSI2 ended Friday’s trade greater than 97 and RSI5 greater than 80. Both are at extreme short term overbought levels. What’s more, the current angle […]

Prices extend higher after capture of “Bullish Trend Reversal Threshold”. Lack of validateing volume could be problematic.

05-27-14 SPX Daily Headline Chart

SPX extends higher to reinforce a short term “Bullish Trend Reversal” but declining volume fails to validated new highs. Although the end of the month normally favors Buyers, approaching overbought conditions and lack of confirming volume increases (Bearish) reversal risk. A healthy pause to digest gains is favored with any throwbacks to test lower support […]

Market participants jostle for position as SPX remains above moving average support levels.

05-12-14 SPX Daily Headline Chart