Friday, May 31, 2013
Tuesday, May 28, 2013
double top test this week?
I am looking for resistance this week at the open VPOC at 1676 on the ES futures. We could pullback to the 1600 gap. There is huge volume in the ES future options monthly 1600 puts.
Here are the weekly/monthly/yearly pivots for the S&P.
Here are the weekly/monthly/yearly pivots for the S&P.
Wednesday, May 22, 2013
Yearly Pivots stopped the rally
The Dow ran into trouble at the yearly R3 pivot zone today. Sell signal /reversal candle.
The Comp ran into trouble at the yearly R2 Pivot. Sell signal reversal candle
The Comp ran into trouble at the yearly R2 Pivot. Sell signal reversal candle
Monday, May 20, 2013
June YM @ YR4
Wow, 1666.....1000 point rally off the lows in March 2009 at 666.Thats when I started this blog. The blog archive shows that I was very bullish back then felt the market had hit bottom. I am not bullish anymore. Today is the 1st of 2 Pluto-Uranus squares in 2013. The Last one was on sept. 19, 2012 and that was the high of the year for the Dow and S&p. The YM futes are at resistance here at YR4 and the ES futes is also at resistance at YR3. Will this finally be the week the market will take a a break? The Bradley Model is calling for a trend change in the next 30 days. I feel a top is close. S&P may go to YR3 at 1730, if we break the resistance pivots we are currently at.
Thursday, May 16, 2013
Es yearly R3
ES futures testing the yearly R3 pivot point. The high in 2012 was at the ES yearly R3 pivot last fall. It also happened near the Pluto-Uranus Square on Sept. 18th. We have Uranus-Pluto Square coming up on May 20th. I am not saying the high for 2013 is in. We still could go to the SPX cash index YR3 at 1730. I am looking for a pull back here. I am also looking for a top anytime in the next 6 weeks, with a big correction going into October, per the Bradley model.
this is 2012 chart
Monday, May 13, 2013
Monthly R2
the MR2 pivot has been trying to stop/slow down the rally. The Yearly R4 above should do it if MR2 fails.
Sunday, May 5, 2013
Saturday, May 4, 2013
Wheat IHS on YS1
I am looking for wheat to reverse and go back up to 790+.
head & shoulders top last fall said look for a reversal. It reversed down to the yearly 1st support zone.
head & shoulders top last fall said look for a reversal. It reversed down to the yearly 1st support zone.
Wednesday, May 1, 2013
S&P double top SELL signal @ the yearly R2 pivot
S&P 500 shows a doubletop at the yearly R2 pivot point. Just like in 2012, and in 2007, the yearly R2 pivot point has stopped the S&P rally. Look for a big pullback to start this week.
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