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