Mon Aug 27

Fluctuating expectations of central bank intervention and market distortion
continue.
SPX bearish daily chart signals are now being dominated by mildly bullish
larger cycles.
SPX monthly chart shows possible inverted head and shoulders pattern
which is bullish when confirmed.
USDX weekly chart shows possible rising wedge which is bearish when
confirmed.
It does makes sense to delay the next crash until after the US elections…

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2 Responses to “Mon Aug 27”

  1. Wed Aug 29 « ✽ Market Analysis ✽ Says:

    […] http://trader618.com/2012/08/27/mon-aug-27 […]

  2. Tues Sept 11 « ✽ Market Analysis ✽ Says:

    […] equity correction which is then rescued via QE3 prior to US elections : ELECTION RALLY SCENARIO Share this:ShareTwitterLike this:LikeBe the first to like […]

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