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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

The passing week ended as an inside, relatively small range Weekly bar with a bullish body, something like “I’m not that strong, but neither am I in a hurry to decline”.  As for the current price action, most likely the current month is going to close as an inside bar, probably tends to be bearish. The market Read More

A LH LL Weekly bar printed for the S&P futures, with much choppier price action compared to the previous weeks. The passing week has continued the signs of weakness seen lately – by starting with a failed attempt to close above the Daily 50 SMA, followed by a sharp move down on last Tuesday. Finally, last Read More

A quite, narrow range week has passed. Despite the NFP report, the whole Weekly price action was inner to the previous Friday’s Daily bar, September 30th. The market continues to show signs of weakness. The Monthly bar is inner to a LH LL bar that was a second in a row that couldn’t reach the Read More

The passing week ended as an inside bar, quite strong, above the 8 EMA line, has also closed the Monthly bar as well, as a bullish pinbar on the sloping Monthly 8 EMA. Certainly taking out the Monthly High at 2189.25 is bullish, a signal that can point to 2280 as a target. But other Read More