1 May 2015 - Rebound

Today prices rebounded right of the gate with signals in the intra-day coming out of OS. 

Yesterday: "If the intra-day fails to come out of OS, we could still see more accelerative move lower.  Therefore look for an exit or a positive divergence on the intra-day charts for a clue to a rally."

With EW concerns, the recent moves lower from the highs look corrective and should see prices move or surpass the old high.

MT: UP
ST: DOWN
PA: UP

Bonus:  For anyone watching the fight tomorrow,  it has been said that when Manny Pacquiao wins, the Philippine market moves up by 10%.   At current the EW looks like a 3 distinct waves down, but this would assume the actual waves are complete..  Based on our indicators the MT and ST are on a down trending direction, and support is being held by the 20 wk MA.  So risk of a protracted move lower exists.  With this said, Pac Man's luck might not be by his side tomorrow night.  LETSSS GETTT READY TO RUMBLEEEEE...

30 Apr 2015 - Bang On ST

ST has its game on yet again.  Yesterdays turn was right on cue with todays gap down to OS on the intra-day charts.  Large losses for some, and large profit for those who follow their indicators with strict discipline.  I believe that any and all indicator works based on analysis, but its the human emotions that get the best of us, and when we do not follow these signals, we fail to blame ourselves and place blame on the indicators for their short comings.  They do lag, and they do produce false signals at times, but both of these eventually clear up, so we must trust them, and most of all eliminate emotions.

If the intra-day fails to come out of OS, we could still see more accelerative move lower.  Therefore look for an exit or a positive divergence on the intra-day charts for a clue to a rally.

MT: UP
ST: DOWN
PA: DOWN

Yesterday, I mentioned that we "could" be forming a diagonal triangle but could see a high risk of this scenario failing due to an ST signal to the downside.  This analysis is based on sound and unbiased analysis and not based on personal belief of what we think should happen.

29 Apr 2015

Prices were not able to stay above their breakout level which leads me to think bids are weak and not confident for a sustainable push higher.  Another much more powerful Bradley date come in on May 10th.  So we have at least a week of back and forth before any significant price action happens (Up or Down).  The pattern higher from The April lows could also be a 3 wave affair on an ending diagonal 5th.  But with the ST turning down today we could see this wave possibility fail. 

MT: UP
ST: DOWN
PA: NA

Mixed signals are typed out above, and do not lead to any conclusive direction.  Look for acceleration of price to indicate direction in tomorrows session.

24 Apr 2015 - Inching Higher

The intra-day charts were inching higher with indicators at OB.  The bulls are still in control.  I have attached a 2nd chart below that counts differently as a ending fifth wave if prices stair step another 5 waves up.  This would complete a 5 wave from the April 17th low.

MT: UP
ST: UP
PA: UP

Potential Ending Top...

This chart was also brought up on April 2nd but I did not account for the pattern to progress for this long or actually be a bigger form of the Apr. 2nd analysis..  Hindsight is always an eye opener, and this is the same reason why EW can be so elusive when it comes to getting a count right.
http://tfaat.blogspot.ca/2015/04/2-apr-2015-another-swing-getting-clearer.html

23 Apr 2015 - 2nd Wave Option

The 2nd wave option was eliminated today when price broke above the highs made in late Feb.  With a corrective stance, the other option is that this is a C-wave of a B-wave.  Prices on the SPX and Nasdaq could not stay above their highs, and have closed just below it.  We need a steady close above this resistance to turn this level into support.

Yesterday, the ST indicator along with the PA turned UP.  The trade risk was evident today that momentum was to the upside.  We can never know what the market has in store, but if we can decipher what the indicator might be telling us, we can then keep ourselves from a real mess.  As the Intra-Day stays in OB, we must assume the risk of acceleration to the upside still exists on the short-term trend. 

MT: DOWN
ST: UP
PA: UP

22 Apr 2015 - Not Bad For Bad Numbers

The pre-market hours started with an impulsive move lower today and had many thinking today was going to be a bad day. Many of those who reported today gave out bad numbers and many warned that the economy will be stagnant for quite a while.  While these companies gave warnings, markets continued their stair step upwards contradicting the sentiments.  So I guess, Bad news is good news...

This has gone on for a long time and should be no surprise to investors.  What is frustrating is the manipulation and the unpredictability of data that is coming out on market performance.

Our ST has turned up today, and should be noted even if we feel bearish on the market.  Therefore if you are bearish, you should wait for the indicator to turn down so that your trade is on the right side of the trend.  This can be accomplished on an earlier time-frame of your choosing.  But do remember that whatever time-frame you are choosing to use as a trigger has a shelf life reflective of itself.

Unless prices can break above the resistance levels, I will remain bearish on the market, and will trade any weakness.

MT: DOWN
ST: UP
PA: UP

Note:  Today is a Bradley Turn Date with a power of 53/100.  Keep an eye for a top or a continuation.

21 Apr 2015 - Subtle

Are we witnessing a subtle move lower that could run down tomorrow into the Bradley Signal?  We had a 60min reversal today and although the rest of the day wasn't anything to rave about, prices were lower and the signals are still looking for more downside.  We are clearly seeing a resistance level that the SPX is struggling to break above of for almost two and a half months now.  This is clearly an inflection point so keep your cards close to your chest and ready to dish out.

MT: DOWN
ST: DOWN
PA: NA

Look at the intra-day charts tomorrow for clues to the days direction.