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
News
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
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