16 replies to this topic

[redfoliage2]

The signal turned into Neutral mode from Bullish.............

[redfoliage2]

Any one seeing here a bull trap?

Edited by redfoliage2, 25 May 2016 - 10:26 AM.

[gm_general]

Yes, and informally looking at Yahoo comments the bulls are frothing at the mouth in droves. The STO on SP500 can in fact get to 90 resistance tomorrow without much more upside, in fact SP500 could even be down a bit and still hit the STO top number. Then it should start the move down in earnest shortly after this, assuming the pattern remains the same as last year, you would get what started in late December and went to January 20th.

[Geomean]

My hourlys' print a TDSEQ Sell 13 in @NQ, TDSEQ Sell Set Up 9's all over, TD Trend Exhaustion's, highs at fib & sacred ratios, analog (fractal)high signals (which compares and locates a match for a pivot id of OHLC of prior days (bars) selected per the fib sequence (1,2,3,5,8,13,21,24,55) to id a high. The USDJPY hourly chart which tends to track US equities, keeps stopping at the .236 TD Propulsion-TM upthrust threshold. DAX hourly closed at a TD Combo 12 just shy of a 13 sell signal. Hurst cycle wise it's earlier than the time frame projected for the topping zone, but it's reached daily chart FLD exhaustion areas and bumping up against resistance. @NK hourly shows similar exhaustion signals and a TD Combo countdown 13 sell signal, so it's pretty well aligned at least for some backing and filling at this point. But equities could hang in here until after the holiday. Looks like an expanded flat on the hourlys' so far if that pause/little dip yesterday was a brief wave 4.

[redfoliage2]

Update:

The signal remains Neutral at the close.

[redfoliage2]

The signal started turning bearish in the last 30 min just before the close though it was still in the Neutral mode at the close.  I see a pullback is in the cards for tomorrow..............

Edited by redfoliage2, 25 May 2016 - 05:52 PM.

[redfoliage2]

Today SPY Intra-day volumes were below average but in the last 30 min SPY volume doubled to nearly 12 millions with a solid red candle bar.  So someone are getting out at high.  Smart money or dumb money?

Edited by redfoliage2, 25 May 2016 - 07:52 PM.

[redfoliage2]

SPX trend generally follows BDI with the latter leading.  From the current BDI performance it's hard to believe that the recent rally in SPX is to last:

http://stockcharts.c...id=p32188130512

Edited by redfoliage2, 26 May 2016 - 06:48 AM.

[redfoliage2]

It looks that the market will be closed on next Monday, May 30.

http://www.wallstree...sings-schedule/

[redfoliage2]

Morning Update:

The signal is turning toward bearish from Neutral.........

Edited by redfoliage2, 26 May 2016 - 09:55 AM.