30 Nov 2012

Sideways pattern again today, but we now know on a pattern perspective that this should make a higher high next week.  But beware that all we need to do to meet the minimum high is to hit that 1420 on the SPX to be valid.  After that we should make a few days of retracements to relieve the daily overbought levels or continue our downward trend.

29 Nov 2012

We had a nice pull-back on the SPX this morning from the highs, but that did not last as markets rallied. We are approaching the end of the month tomorrow and it is very important for the monthly charts to close below 1410 to keep the trend alive to the downside.  This does not have to happen but it is better for the monthly bar to continue last months red bar.  We are overbought on a daily and 60min period and would need to turn down to manipulate our weekly Stoch. back down to the bearish position.

28 Nov 2012

We got our correction today and we bounced right after.  SPX target if 1420 is the level to reach.  Everything is overbought though so one must be careful here on going long. 

27 Nov 2012

Price finally made substantial pullback.  We could see a bit more downside for 1390 or 1385 range before we make our last move higher.  SPX 60min Charts showing a downward Stoch.  We will stick with it until it curls back up.  Main trend still UP based on daily time-frame.

SPX:

Daily -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 - Last Bullish July 13 - Last Bearish July 10 - Last Bullish June 27 - Neutral June 26 - Last Bearish* 25 June - Last Bullish 12 June - Last Bearish 11 June - Last Bullish June 8 - Last Bearish May 4 - Last Bullish Apr 25 - Last Bearish Apr 4
Weekly - 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 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 - Last Bullish June 26 - Last Bearish 25 June - Last Bullish 12 June - Last Bearish 11 June - Last Bullish June 8 - Last Bearish May 4 - Last Bullish Apr 25
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 - 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 - 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 - 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- Last Bearish May 3 2012 - Last Bullish Apr 26 - Last Bearish Apr 16 - Last Bullish Apr 10
Weekly - Bullish Aug 10 - Last Bearish Mar 13 2012

1997 vs 2009

26 Nov 2012

We had a bit of a pull back but nothing substantial that I was looking for.  The markets most likely still coming off the holiday and pretty much traded sideways all day.  This produced an overbought situation for the 60min ES Futures with no Higher High.

21 Nov 2012

Light trading today, we did not get anywhere.  See you friday, and hopefully to the downside.  Our SPX 60min still overbought but diverging.