8 replies to this topic

[jmicou]

AMZN 1.618 Fib ext @ 491; ABC 1.0 @ 490.

NDX in W5 down. Wave completion likely to coincide with AMZN target for a retrace rally.

[jmicou]

AMZN 1.618 Fib ext @ 491; ABC 1.0 @ 490.

NDX in W5 down. Wave completion likely to coincide with AMZN target for a retrace rally.

Fib ext above uses B, a 1.382 ext @ 490 uses from the high to A. Nice confluence.

[jmicou]

COMPQ on TL support (October 2014 - Aug 2015).

[jmicou]

AMZN 30% off sale....

[jmicou]

For the bull case, NDX setting up for a test of the lows, the minimum measured move, with higher positive diverging MACD potential. But, the selling has been steady without a crescendo, so we will see...

[jmicou]

Chart circulating of US institutional equity futures positioning:

https://pbs.twimg.co...=png&name=large

[jmicou]

BTK bounced off its primary down ABC 1st target (1.0) and weekly 200 SMA, and has + MACD Histo daily divergence.

[jmicou]

Chart circulating of US institutional equity futures positioning:

https://pbs.twimg.co...=png&name=large

In general, index charts reflect market vulnerablilty, yet to follow the GS chart above, all via tweets attributed to @H3NPHLO :

Citi: "In our Panic/Euphoria Model , readings currently are below those of early 2009"

https://pbs.twimg.co...ATEiE.png:large
https://pbs.twimg.co...AJ0B_.png:large
https://pbs.twimg.co...=png&name=large

[jmicou]

AMZN re mkt as of this writing $488. Next targets if lower: 455 & 400.