Monday, May 30, 2016

NDX100 in pursuit of the 4593 Gap?

NDX Daily Chart @ Close 05/27/2016
Ability to hold 'the line' amid a 38% retracement of gains from 3888.78 now sees a Rally unfold seemingly intent on Closing both the immediate Gap left Open April 21 @ 4523 post the Reversal witnessed April 19 with an Outside- Down Day.
Beyond that lies the 4593 GAP left Open once 'batting' began January 4 & the ensuing near collapse amid China/ Commodity/ FANG woes.

Thursday, May 5, 2016

NDX100: US Equity Market Rally 'pause' in effect; how much more to go?

NDX100 Daily Chart @ Close 05/04/2016
Raft of Resistance basis the Benchmark S&P500 @ 2080/ 2116/ 2134 finally 'got their man' with a High @ 2110 & then this reversal of sorts.
Basis the NDX100; 38% of gains from the February Lows now surrendered.
What appeared to be an inevitable Buy Cross on the much followed 50/200day SMAs could well turn 'sour' on matters & 'compress' with this Index failing to muster a Weekly Close back above (4410).
Let's see.

Sunday, April 17, 2016

S&P500 into the Resistance Zone with potential Signs for a Reversal......OR not.

S&P500 Weekly Chart @ Close 04/15/2016
3 Weeks since the Outside- Down Day that heralded only a pause in the Rally; that said and we are not even 2% higher since.
Raft of overhead Resistances now 'front & centre' between 2104/ 2116 & the Record 2134 Highs.
Rare Tom deMark Set- Up in play (see chart notes) potentially the Signal that aggressive types should have their 'pencils' sharpened this Week.

Wednesday, March 23, 2016

S&P500: Finally a Sign with an Outside- Down Day scored?

S&P500: Daily Chart @ Close 03/22/2016
The Counter- Rally since the 1810 Lows scores an Outside- Down Day; one that heralds the first Test of the veracity of this Rally.
If so; then Support @ 1962 the 1st 'Port of Call' as Q1 2016 ends amid the confusion & gathering uncertain global outlook in more than just economies?

Tuesday, March 8, 2016

NDX100 into the Selling Zone........Or not?

NDX100 Daily Chart @ Close 03/07/2016
4th Day of Indecision as the Rally (Counter OR otherwise) falters in the Zone between the 50 & 200 Day SMAs; the 61.8% retrace @ 4414 awaits with THAT Gap just below 4600 'beckoning' for the unwary Bears/ Shorts who may well yet feel similar pain to the Longs who suffered amid the January 'event'.