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
Author: Gil Ecker
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
Another narrow range bar, this time an inside bar, printed throughout the passing week, at the target area (2248) of the bullish Quarterly pinbar on sloping 8 EMA mentioned in the previous reviews, as well as the 138.2% extension to the last major bearish wave since April 2015. All the last 7 Daily bars are Read More
A narrow range bar was printed throughout the passing week, at the target area (2248) of the bullish Quarterly pinbar on sloping 8 EMA mentioned in the previous reviews. Currently, the reaction is very weak. But don’t let that Doji type Weekly bar misleading you. It penetrated the Weekly upper Bollinger and close above it. Besides, Read More
One of the most bullish weeks lately has passed. When the Monthly High was taken out on last Tuesday, there wasn’t any other choice but to look upwards, and the first target at 2248 that has already been achieved was of the same magnitude as the Low of the week and the High of the previous Read More
The Month of November ended up as a Monthly bullish pinbar on a sloping 8 EMA, very strong and bullish picture, but in order for this pattern to trigger, a new Monthly High should be made. The Weekly status is less enthusiastic. The previous week didn’t manage to touch not to mention penetrate the upper Read More
The passing week took out the Monthly swing High at 2191.50, which had been the all time High so far, printing a bullish Weekly bar that closed on its High, penetrating the upper (Weekly) Bollinger band, very strong. Taking out the Monthly swing High triggered an important bullish signal to reach the 2350 area, slightly Read More
As opposed to the election’s volatile week, the passing week showed consolidation on the Highs, a clear shortening of the thrust. After closing the most important gap since the Monthly correction has started, at levels 2171.75-2177.5, a typical correction and the reversal back up, – the market succeeded in making a follow through. Most likely Read More
The volatility the market created during last Wednesday, the day after the elections, – was huge. It has been so far the biggest Daily bar this year. Although I was skeptic that the prices would reach the full target of the bearish setup at 2030 mentioned in the last review, the market eventually did reach the Read More
Last Tuesday, the market signaled a bearish move by taking out the Monthly Low at 2100.25. The target of this signal is towards 2030, but this is a countertrend Weekly signal that might not achieve its target fully. Do doubt that the general picture from the Daily up to the Monthly timeframes is pretty bearish. Read More