Thursday, January 31, 2013

Update on US indeces macro proportions

Albeit circumspect, reaction at upper wedge-like trend-line on SPX and DJI + 61.8% large multi-week fib extension on SPX (to the tick!), while NDX did not break out, allows to keep last post' stance (R2K break above 2007 top and trend-line is of concern).
Updated charts below.

NDX Monthly


NDX Daily

SPX Monthly


SPX Daily


DJI Monthly


DJI Daily


R2K Monthly


R2K Daily


Friday, January 18, 2013

Proportions for a possible important top

Dear Reader,

After a long communication breakdown, I resume posting today because I would like to share with you one potentially important finding of a review of markets after today's close.

My analysis suggests that today an important top might have been put in place across the 4 major US indices (Nasdaq100, S&P500, Dow Jones Industrial Average and Russell 2000).

This post could be lost among the millions attempts to predict a major turning point, but I felt it was worth sharing it this time.

Below I insert snapshots of what the markets look like to my eye tonight.

NDX Monthly

NDX Daily

SPX Monthly

SPX Daily

DJI Monthly

DJI Daily

R2K Monthly

R2K Daily