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Categories:General Market Commentary
(2/12) ? Negative divergences taking shape IMO.
(2/11) -- Options Week -- Look out above or below?
If a shutdown of the federal government can be avoided, then what?
(2/6) -- Topping out?
(2/3) -- Look Out Above? Price and volume action at MA(409) will lead the way IMO.
(1/31/19) -- Log jam at moving averages.
(1/10) -- NYHL still flat -- running out of steam IMO.
(1/9) -- Re-test of MA(409) from below.
(1/3/19) -- 'A Falling Tide Grounds All Vessels.'
NYHL still stuck in low tide zone.
(12/26) -- NYSE High/Low main tide is still low.
(12/25) -- Dead Cat Bounce window dressing at lower BB(409)?
(12/14) -- Support failures abound -- SPY 255 in store for Options Week?
(12/13) -- MA(409) support to hold?
(12/6) -- 'A Falling Tide Grounds All Vessels'
NYHL MA(50) and NYHL/SPX ratio are not in good shape IMO. [p. 2]
(11/29) -- EMA(50) crossing down through EMA(150). [p. 2]
(9/2) -- NYSE looks weak and ready for a correction IMO. [pp. 2-3]
(8/28) -- Topping out?
(8/23) -- The Trump Card is war with North Korea?
Have you considered that a war would change the national conversation?
(2/2) -- The dam FINALLY breaks!
(1/23) -- NYSE Seismometer suggests recent run up is losing steam IMO. [Bottom p. 2]
(1/16/18) -- Time for a pause at BB(409)?
(11/13/17) -- SLOITC series back and under construction. [middle p. 3]
(12/6/16) -- Santa Rally is back on? Move above SPX 2200 could really take off here IMO.
(2/16/16) -- BB(409) support has held, and we are going up again?
(2/11/13) -- The Big Churn (1997-2021) is about two-thirds over IMO. [p. 1 -- posted 8/30/2001]
(6/11/12) -- 'Seven-year Itch' Triple Top at SPX 2100?
(8/30/01) -- The Big Empty.
***** DISCLAIMER *****
These charts are for entertainment and educational purposes.
Do not rely on them to make investment decisions -- perform your own due diligence.
(8/29/06 -- Rev. 8/19/11) -- 'The Spy Left Out In The Cold' -- ('SLOITC').
BEYOND SUPPORT AND RESISTANCE
Many authors here have excellent analysis of support and resistance levels.
Knowing WHERE price may turn is crucial indeed.
It is the goal here to move beyond that knowledge to know WHY price turns at those levels.
What are the forces driving the quick moves toward and away from support and resistance levels?
FEAR AND BREADTH !
(6/7/06) -- The Accumulation/Distribution and On Balance Volume lines track the intra-day volume patterns.
The NAADV/NADEC line tracks the Nasdaq advance/decline ratio.
The four other lines are smoothed ratios which invert the following indicators to mimic market action:
-- two breadth indicators (TRIN and TRINQ); and
-- two fear indicators (VIX and CPC).
To my eyes, there are clear moments in the charts below when price and the fear/breadth lines diverge markedly.
These times are pegged 'The SPY Left Out in the Cold' or 'SLOITC' for short.
Depending on the time frame in which one trades, these divergences can IMO be used to anticipate possible market turning points.
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