While the market has been quiet, I have been working on detailed charts and timing for January and February. Stay tuned!
Daily Chart
Friday, January 13, 2012
SPY - Timing Cycles Due
Markets have been slowly grinding higher into the due date of the following timing cycles. One was due yesterday, and the next is due on the 17th. A minimal amount of upside looks possible.
While the market has been quiet, I have been working on detailed charts and timing for January and February. Stay tuned!
Daily Chart
While the market has been quiet, I have been working on detailed charts and timing for January and February. Stay tuned!
Daily Chart
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A couple days ago, the two levels of support mentioned were 1287 which was tested yesterday. The other was 1279. Hit that today.
ReplyDeleteDid you go long the Spooz today SC?
ReplyDeleteYes, hit support and next week can push higher.
ReplyDeleteJust sayin'
ReplyDeletehttp://tinyurl.com/753q4pu
Zigzag, I saw your chart, do you mean stocks will go up and up after Jan 13~16?
DeleteHi Steven, Market should follow something close to this for this year and should see highs and lows match this chart. Can be a few days off at times.
DeleteZigzag, can you attache current S&P numbers to the chart that would correlate to the different points?
DeleteYou bet. I'll try and post it tomorrow. I use it for time more than price, and usually a big swing on the chart correlates very well for price. Right now it says the uptrend will continue to October.
DeleteInteresting read concerning next week.
ReplyDeletehttp://www.safehaven.com/article/23973/spx-at-multi-month-high-before-opex
SC if you have a turn date cycle this weekend..
ReplyDeletewhy would you go long?
Just curious
It's just a short term view as a pop over 1300 seems likely. The timing comes due early next week.
Deletezig zag. do you see a weaker h1 2012 or h2?
ReplyDeletethanks
Next week is my mid January cycle and I don't see much a pullback after that. I think we have a strong 1h and weaker 2h.
DeleteWhat do you mean by 1h and 2h?
Delete1st half and 2nd half of the year is what I think stevesteve121 was asking.
DeleteSC I've gotta be honest. I find it odd, given that you have foretold a 20% potential decline in the SPX, that you would chase a few lousy points higher, especially since things appear to have rolled over on Friday.
ReplyDeleteWhat happens if things deteriorate in Europe over Monday and the US gaps down Tuesday?
Still a little early beetle. Bulls still have control but the tide is slowly turning.
Delete"deteriorate in Europe"??
ReplyDeleteDoubt is what markets hate. Now the downgrades are out. Doubt is gone. European markets are gonna rally next week.
yvan, just like the markets rallied last year when the US was downgraded huh?
ReplyDeleteCheck out the US treasuries as of Friday. The 5 year broke above a 5 month consolidation and the 10 and 2 year are about to.
That says something about a continuation of any rally. Oh and Greek debt restructuring talks broke down late Friday. Default now looms.
Cheers
Beetle, there is a big difference. The market didn't expect the US downgrade, it was a complete surprise. Did you see ES after the close? Next week I think will be bullish.
DeleteGreek default is priced in.
DeleteDAX, CAC and other european charts are very bullish.