January 2017

After two Weekly inside bars, there came the next thrust up throughout the passing week, to reach the target of the 2 Year (!) pinbar of the years 2008-2009, at 2300. The long tailed Spring Daily pinbar of post elections at November 9th points also at these levels, 2305 as a target, very close (and Read More

The market printed another inside Weekly bar, consolidating on the Highs, while no serious supply is seen. The market is currently right at the middle of the range it has been creating since the beginning of the year, the most random area for the price to be. The last two weeks have already proved that. Read More

The First Week of 2017 has started with a gap up and bullish Weekly bar printing a Weekly reversal up and making a new all time High. This thrust up is important since it confirms the last Quarterly bar ended as a bullish pinbar on sloping 8 EMA and a Spring target at 2500, and Read More

Like most of other stock markets, the S&P has ended the year with a minor retracement week, inside the Weekly Bollinger bands, closing as a bullish pinbar on sloping 8 EMA. It is a powerful pattern once its High is taken out on the next bar. On the Daily timeframe, there is a bearish setup Read More