News

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

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