28 Dec 2012

We had our new low today for the SPX and gives us a nice weekly Stoch cross down with a print.  This is bearish and we can look for a rally next week to load up on our short position.  The 60min Stoch. has diverged with price and we should look for a reset to overbought or above the 50 mark.  On a micro level we can count 3 wave up from yesterdays low and 3 waves down to todays low.  Therefore it is safe to say that we are in a corrective pattern and we should expect a rally next week to complete an ABC at the least.

The only time that the correction stop is if we continue lower next week which would mean we are done with a 4th wave of an EW pattern and continuing with the 5th wave that would have started today.

SPX:

Daily -Bearish Dec 26 - Last Bullish Nov 23 - Last Bearish Oct 19 - Last Bullish Oct 16 - Last Bearish Oct 9 - Last Bullish Oct 1 - Last Bearish Sept 26 - Last Bullish Sept 6 - Last Bearish Aug 31 - Last Bullish July 26 - Last Bearish July 23
Weekly - Bearish Dec 14 - Last Bullish Nov 30 - Last Bearish Nov 9 - Last Bullish July 27 - Last Bearish July 6 - Last Bullish June 29 - Last Bearish May 11 - Last Bullish Nov 2011

DOW:
Daily - Bearish Dec 26 - Last Bullish Nov 28 - Last Bearish Nov 27 - Last Bullish Nov 23 - Last Bearish Oct 19 - Last Bullish Oct 16 - Last Bearish Oct 9 - Last Bullish Sept 6 - Last Bearish Aug 23 - Last Bullish July 26 - Last Bearish July 23 - Last Bullish July 13 - Last Bearish July 10
Weekly - Bearish Oct 26 - Last Bullish July 27 - Last Bearish July 6 - Last Bullish June 29 - Last Bearish May 9 (not yet printed) - Last Bullish Nov 2011

SILVER:
Daily - Bearish Dec 4 - Last Bullish Nov 8 - Last Bearish Oct 8 - Last Bullish July 25 - Last Bearish July 23 - Last Bullish July 17 - Last Bearish June 19 - Last Bullish June 1 - Last Bearish Apr 13 (Entered oversold Apr 24) - last Bullish Apr 12
Weekly - Bearish Dec 21 - Last Bullish Aug 24 - Last Bearish Apr 4 (printed Apr 5) - Last Bullish Mar 30 - Last Bearish (Mar 21 2012 Printed Mar 23) Last Bullish (Mar 19) - last bearish (Mar 14 2012) - Last Bullish Jan 27 2012

GOLD:
Daily - Bearish Nov 30 - Last Bullish Nov 8 - Last Bearish Oct 9 - Last Bullish July 25 - Last Bearish July 23 - Last Bullish July 16 - Last Bearish July 6 - Last Bullish June 29 - Last Bearish June 21 - Last Bullish June 1
Weekly - Bearish Dec 7 - Last Bullish Aug 10 - Last Bearish Mar 13 2012