Wed May 16

SPX 4 hour falling wedge now looks like a continuation pattern (so bearish)

SPX bearish daily & weekly charts are too strong for reliable counter trend
rallies atm.

SPX 4 hour chart possible falling wedge (bullish) should result in
good short cover rally.

Yep USDX daily chart is very overbought & it’s time for a dollar
retracement which should be stock bullish.

USDX daily is now very overbought.

SPX daily chart downtrend strengthens and overdue USDX rally
continues.

The big picture Wile E. Coyote market top.
SPX Monthly April 4 2012

Advertisements

I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: