The New CS Board

[dindindon]

03/07/15 Weekend Misc.

(1) Market Sell Off on 03/06
The ‘’better than expected’’ job report released on 03/06 triggered a sell-off, The "strong" dollar could be part of the reasons too. imho, China’s rate cut was a deliberate chess board movement. together with many others’ central bank rate cut, Has an accidental currency war erupted? link to full text

(2) Market Trend Charts – overall http://stockcharts.com/freecharts/dpgallery.html
- Moving averages – bullish
- PMO suggests a trend change in daily & weekly, not yet in monthly chart.
- The McClellan Oscillator – bearish, readings below zero

(3) SPX Short term boundary
< 2028.73 bearish, (0.618 2119.59-1972.56)
> 2069.93 bullish, http://www.chartupload.com/images/99280192870917928554.jpg

(4) SPX Fibonacci terminal points
http://www.chartupload.com/images/99280192870917928554.jpg

Zone (1) 2069-2130.46
2069.93, 2085.06, 2100.20 , 2115.20, 2130.46 (quad interpolation)
2115.20, 2120.14, 2124.63 , 2130.46

Zone (2) 2130.46-2213.50
2130.46, 2151.22, 2171.98, 2192.74, 2213.50

Zone (3) 2213.50-2316.26

As reported for a while, the Fibonacci zone (1) is stiff. On 11/21/2014, SPX marked an intraday high 2071.46, that was the first assault on lower rail 2069.93, 15 weeks later, bulls still cannot break this tough resistance zone. The best ‘score’ Bull made was 2119.59 on 02/25/15.

(5) SPX Short term Lower rail

2119.59
1972.56, 1820.66, 1737.92, FIB
2084.89, 2049.04, 2029.52, 0.236
2063.42, 2005.40, 1973.79, 0.382
2046.08, 1970.13, 1928.76, 0.500
2028.73, 1934.85, 1883.72, 0.618
2004.02, 1884.63, 1819.60, 0.786

-overlap zone is considered a strong support
- interpolation between two points is a feasible way for hunting intraday pivots.

(6) 2015 General Outlook

All the pieces keep adding up into a very serious economic and geopolitical game changer for 2015 Gerald Celente link