Tuesday, March 27, 2012

Double top @ Yr1 pivot and Bradley model turn date

The 2012 Bradley Model http://mpgtrading.blogspot.com/2012/03/major-bradley-turn-date-this-week.html said the high for the year will be on March 16th. The high so far this year is on 3-16 at the Yearly R1 pivot point. :)
updated chart 4-4-12: Yearly R1 pivot was the high this year. All down hill from here!

Thursday, March 22, 2012

Doji at MR2

NQ(NDX) futures did a doji at the Monthly R2 (MR2) Pivot point yesterday. The low in March was on the Monthly PP and the High at MR2. Look for a pullback to the MR1 pivot at 2581.

Monthly R2 pivot point

S&P 500 Traders took some profits at the monthly R2 pivot point. Look for a pullback to the monthly PP at 1354.

new moon sell signal?

The monthly R2 pivot point was the high so far this month. We have a new moon today. That has been a sell signal in the past.

Monday, March 12, 2012

S&P 12 year head and shoulders pattern in the making

The left shoulder is the 2000 high at the Yearly R1 pivot point(1550). The head was made at the Yearly R2 pivot point in 2007 at 1576. If the S&P this year gets into the 1400(Yr1)-1530(YR2) area and fails, it will be the right shoulder, and right shoulder moves are very fast movers. It traps investors and fear sets in. Downside target is around 800.

Sunday, March 11, 2012

Major Bradley turn date this week

The last major turn date was on 12/28.2011. Were up some 9-10% since then. This week's major Bradley date will carry through to the next Quad opex in mid June. Will it be a pullback as the Bradley 2012 graph shows, or will it be a new uptrend on top of this current rally? Will the S&P go up and kiss the YR1 pivot point at 1394 or YR2 at 1530? Or will the Es futures Yearly R1 pivot point(1377) be the top? We will know the answers in a few days / weeks.

Thursday, March 8, 2012

ZN yearly pivots

June Zn futures(10 yr bond) as been hitting it's head on the yeraly R3 and R2 pivots(purple lines). Is the bond rally(bubble) about to burst? If it does, buy TBT.

Monday, March 5, 2012

QQQ Yearly R2 pivot

Will the Yearly R2 pivot point be the high for 2012 on the Q's? Time will tell, but I would not be looking for new long positions at a yearly R2 pivot point.

TF Yearly R1 Pivot Point been resistance

The TF futures(Russell 2000) Yearly R1 Pivot Point at 832 been a wall of resistance past month. Look for support on the 50 day/ monthly PP @784 to 791.
Updated chart 3-7-12: TF landed on the monthly S1 pivot point yesterday. ....it may kiss the 20 day/ monthly pp good bye before going lower