Right on time! The Bradley model 7/28 trend change date looks like it will be to the upside, not the downside, like the 2012 Bradley graph shows. The Bradley model major dates tell us when to look for a trend change, not the direction(many times the direction is the same as the graph). Next resistance I see is a gap at 13200 and the monthly R1 pivot point is close by at 13197. We get new monthly pivot points for August this Wednesday. For this rally to have legs, we need to stay above 13,000 or we could fall back to 12,675(open gap). A close above 13,310(R1), and we could rally to the yearly R2 pivot point at 14,400(1530 on the S&P).
Tuesday, July 24, 2012
Sunday, July 22, 2012
We have a Bradley Model turn date this week. Since the June date we've gone sideways. The new trend will last until Xmas (Dec. 22), per the 2012 siderograph. Don't fight the new trend.....let it be your friend. My guess is we continue down. I'll let price be the judge.
Posted by Jeff York at 11:56 AM
Tuesday, July 17, 2012
Monday, July 16, 2012
Sunday, July 15, 2012
Wednesday, July 11, 2012
Tuesday, July 10, 2012
Posted by Jeff York at 3:02 PM
Friday, July 6, 2012
Sunday, July 1, 2012
UPDATED ON JULY 4th, 2012
USO bounced off the yearly S1 pivot point and the yearly Camarilla L4 pivot point.
XLE bounced off the yearly Camarilla L3 pivot point and the 1000 day moving average. XLE has gone from a high at the yearly H3 pivot point to a low on the L3 pivot point this year. Now, XLE is testing the Monthly R1 pivot point and the 200 day moving average. Look for a pullback or sideways consolidation after this 10% bounce.
Posted by Jeff York at 12:09 PM