The passing week ended as an inside, relatively small range Weekly bar with a bullish body, something like “I’m not that strong, but neither am I in a hurry to decline”. As for the current price action, most likely the current month is going to close as an inside bar, probably tends to be bearish. The market Read More
October 2016
A LH LL Weekly bar printed for the S&P futures, with much choppier price action compared to the previous weeks. The passing week has continued the signs of weakness seen lately – by starting with a failed attempt to close above the Daily 50 SMA, followed by a sharp move down on last Tuesday. Finally, last Read More
A quite, narrow range week has passed. Despite the NFP report, the whole Weekly price action was inner to the previous Friday’s Daily bar, September 30th. The market continues to show signs of weakness. The Monthly bar is inner to a LH LL bar that was a second in a row that couldn’t reach the Read More
The passing week ended as an inside bar, quite strong, above the 8 EMA line, has also closed the Monthly bar as well, as a bullish pinbar on the sloping Monthly 8 EMA. Certainly taking out the Monthly High at 2189.25 is bullish, a signal that can point to 2280 as a target. But other Read More