February 2017

The market keeps on climbing in a remarkable way, and the concentration of many targets that lie on the current price areas do not seem to affect the market at all. The week began with a break out that didn’t manage to sustain itself above the Daily range, but without a thrust down the next Read More

Another Weekly bullish bar has been printed. The market has reached the 2350 level area, the target for the follow through model since the High of August 2016 (at 2191.5) has been taken out. The important extension of 161.8% to the whole correction taken place from mid 2015 till mid 2016 at 2339 has been Read More

The market has given the bullish continuation signal by taking out the Weekly High right on last Monday. After three more days of sideways and a false thrust down on last Wednesday, there came the real break up last Thursday. The next targets are at the 2325-2330 area, where the passing week’s Weekly bullish pinbar and Read More

The passing week ended as an inside Weekly bar, a bullish pinbar on sloping Weekly 8 EMA (short term sentiment line). Most of the week the market revealed weakness, as it opened with a gap down, a gap that left open till Friday, where the NFP report pushed the market up finally closing this gap. Read More