The previous commentary, “Market Cycle Updates”, I alerted you to the next key 8.6 year Pi cycle dates/zones which are July 12 and Nov 21. The SPX closed at 2630 for that 5/4/18 commentary, and is +4.7% to the Friday close at 2755. Both the 3- and 12-month EMA’s are rising and not extremely O/B…. [Read More]
Market Cycle Updates
In the previous commentary, “Current Market Symmetry”, I pointed out the 10/11/17 Pi date as it was 3141 days [3.14] from the 10/6/09 670 bear market low and also the 8.6 Cycle symmetry date at 11/24-25/2017. The SPX was also extremely O/B at the highest monthly RSI 5 in our time and minus any RSI… [Read More]
Yellen on Hold for Clinton
The SPX is virtually unchanged at 2139 after 17 months of trading following the long-term monthly RST 2135 high on 5/15/15, with the major 5 RSI monthly negative divergence. I said that the risk reward was not positive then, and to significantly cut back long exposure on any buy and hold SPX index portfolios. I… [Read More]
The Primary Market Tools
You can not predict markets with any high degree of success, or the duration and extent of a market move, but you can anticipate and pinpoint high probability reversal or acceleration price and time zones with a positive mathematical expectation of success. However, when a market nears a potential turning point you must look for… [Read More]
How to Identify Profitable Chart Patterns
Is the human mind programmed to look for patterns, even when there are none? If the stock market is like a casino, ruled by chance, there would not be any patterns for to look for. If however, the whims of its players do influence the price movements of stocks, commodities, currencies or market indices, there… [Read More]