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Resolution of defined technical pattern will determine next durable trend direction. Once again, continue to buy weakness until layers of moving average support are violated.

SPX Daily Chart 4-13-15

Equity markets begin the week pressing upon upper level resistance. Our internal quantitative analysis indicates that the broad market (SPX complex) is entering overbought price zones as well. A pause to digest gains and test lower support would provide the best opportunity to capture the upper boundary of a defined “Raising Wedge” technical pattern on […]

Caution is warranted as bearish reversal patterns suggests further short term weakness. However, continue to buy weakness until layers of moving average support are violated.

03-25-15 SPX Headline Daily Chart

Financial markets are at an important inflection point. Current rally requires follow thru higher to validate declining volume oversold rebound.

02-10-15 SPX Headline Daily Chart

Volatile start to 2015 portends stormy days ahead in financial markets. Violation of January’s lows will pressure the prevailing ascending trend.

02-02-15 SPX Headline Daily Chart

Volatile start to 2015 portends stormy days ahead in financial markets. Violation of January’s lows will pressure the prevailing ascending trend.

Start of year seasonality at loggerheads with approaching Non-Farm Payroll known volatility event. Resolution of a defined daily technical pattern will offer short term trading entries before Friday’s event.

01-05-15 SPX Headline Daily Chart

Market participants at a standoff awaiting directional resolution of a defined explosive technical pattern. Resolution will determine the direction of the next durable trend.

SPX Daily Chart 11-18-14

The broad equity markets (as represented by SPX) are at an important inflection point with an explosive contracted volatility pattern awaiting resolution. “Diamond” patterns portend extended price moves either higher or lower. Normally resolution is in the direction of the prevailing trend but with most indices at multiyear or historic highs and overdue for a […]

Buyers remain in control as current rally continues. As long as lower support is not violated with robust volume, throwbacks to test lower support levels offers continued buying opportunities.

SPX Daily Chart 11-10-14

Early weakness finds support at a very steep daily ascending trendline as Buyers rescue the current short term sharp rebound.

SPX Daily Chart 10-28-14

If appears eager Buyers await throwback tests of lower support levels after Monday’s early weakness quickly reversed to close near the highs of the session. The resulting bullish “Hammer” chart pattern suggests further higher prices with the outcome of the an assault on the overhead 50 day moving average to determine the sustainability of the […]

Buyers continue to press their advantage. However, reversal risk is elevated as the current steep angle of ascent is unsustainable with prices entering overbought levels. A pause to consolidate gains would be desirable.

SPX Daily Chart 10-27-14

Buyers step up to rescue Equities and recapture the critical ascending 200 Day Moving Average. Extremely important the current rebound is successful with validating robust volume required as well.

SPX Daily Chart 10-23-14