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The tensed price action on the middle of the range (2350-2355) has brought more volatility and the Monthly bar has expanded to the downside. On the last trading day of the passing week, Thursday, the price has declined sharper and penetrating the Daily lower Bollinger band, what makes the chances for a V bottom to Read More

The passing week was very misleading as of its Daily price action, and most of it was comprised of sideways action. A bullish opportunity that the market introduced throughout the week has turned into a trap as Breaking up the Weekly High last Wednesday turned into an Upthrust (false thrust up turning into a reversal Read More

After reaching the target of last November’s Spring at 2400, the month of March ended eventually as a relatively wide range bar closing in the middle. This is not a classic Doji, not in the shape and not by the meaning, and is more kind of a stopping action bar. The fact that on the Monthly Read More

Since the US elections, the passing week has been the most bearish week we had. Most of the decline took place last Tuesday, where after the Upthrust made on the first half of that trading day (False thrust up turning into a reversal to the other side), there wasn’t any question as for the direction Read More

The passing week has turned the bearish sentiment of the former week into sideways action, closing as a HH HL Weekly bar. The market is in a bullish setup to reach the upper side of the range, at 2398, created due to a failure of the bearish setup the market had set. The Daily bars Read More

 Six consecutive bullish Weekly bar sequence was terminated by mostly a sideway action LH LL week. The last LL LH Weekly bar that didn’t end as an inside bar took place at the last week of year 2016. The interesting picture is that currently we have both Bullish and Bearish potential setups. Taking out the Read More

Another bullish week has brought the price to the 2400 target, a target marked for the Monthly spring bar of last November (US elections). The market is pretty closed to the target of the Semiannual pinbar on sloping 8 EMA – of the first half of year 2016, at 2430. Currently, nothing in the Daily Read More

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