Friday, June 01, 2012 4:29:11 PM
Ma Ma Bear! We are in cyclical bear market since Apr 2012 and in secular bear market since Mar 2000. US Markets will eventually follow Europe markets even though US Markets have stayed in higher VLT bubble trading range. Most of Europe markets are near the Secular bear market low range, and US Markets will follow the pattern. The current very long term secular bear cycle will be ended with this LT down trend, not a LT megaphone formation, with triple 3 correction to SPX 600 support.
$COMPX 2747.48 -79.86 -2.82% 1,880,714
$INDU 12118.57 -274.88 -2.22% 1,028,591
$INX 1278.04 -32.29 -2.46% 3,371,185
$NYA.X 7292.23 -172.33 -2.31%
~~
20120531
E-mini S&P 500 Jun2012: The October 2011 top at 1270 is a short term support. Markets will likely bounce off from the ST support at 1270 to the next resistance at 1350. The bounce is likely weak in a tight trading range in a cyclical bear market which started in April 2012 with a top at 1420.
S&P500: Consolidating in a narrow range with a short term support at 1285 and a long term top at 1422.
QQQ: Quadruple top as a support at 59 and it will likely bounce off from the support to a next resistance at 65.
SMH: The next SMH support is 29 with a short term bounce to 34. Bear market target at 15 retesting the low. Quadruple top as a long term resistance at 36
Google: The next Google support is at 510, then a short term bounce to 600. Bear market target is at 310.
Apple: AAPL will remain in a trading range between 400 to 650 as it consolidates the recent explosive move breaking out from 200. The next bear market target is 470, then 400.
Euro-USD: Very long term trendline support at 126 is broken and currently trading near at 123.5 near the next VLT support at 124. The next support is 116 with a LT target to 100 in parity with USD. The creation of Euro is helping to unify the European currencies with USD.
Euro-Yen: The market is heading to 88 with a short term support at 95.
Crude Oil July2012: Oil is heading to the next support 75.
Gold future Aug 2012: Gold is trading at 1569 after bouncing off from triple support at 1530 off 20% from the 1938 in Sept2011. Gold mania to 1938 is the extended Grand Super Cycle V as Euro and
USD adjusts to parity. Gold will likely trade in a narrow range between 1500 and 1900 with a resistance at 1700.
Silver future Aug2012: Silver triple support at 26. Resistance at 34 which will be trading similar formation to 45 as Gold remaining in the trading range between 1500 and 1900.
Markets are in a cyclical bear market since April 2012 with S&P500 at 1422 in a long term secular bear market since March 2000 as shown on the very long term charts.
Fundamental Analysis does matter even though Technical Analysis trumps in a short term. Disciplined money management is the most important aspect of any trading or investments. Markets are completely manipulated with almost 100% control.
Aforementioned Speculative market forecasting will be adjusted as necessary.
$COMPX 2747.48 -79.86 -2.82% 1,880,714
$INDU 12118.57 -274.88 -2.22% 1,028,591
$INX 1278.04 -32.29 -2.46% 3,371,185
$NYA.X 7292.23 -172.33 -2.31%
~~
20120531
E-mini S&P 500 Jun2012: The October 2011 top at 1270 is a short term support. Markets will likely bounce off from the ST support at 1270 to the next resistance at 1350. The bounce is likely weak in a tight trading range in a cyclical bear market which started in April 2012 with a top at 1420.
S&P500: Consolidating in a narrow range with a short term support at 1285 and a long term top at 1422.
QQQ: Quadruple top as a support at 59 and it will likely bounce off from the support to a next resistance at 65.
SMH: The next SMH support is 29 with a short term bounce to 34. Bear market target at 15 retesting the low. Quadruple top as a long term resistance at 36
Google: The next Google support is at 510, then a short term bounce to 600. Bear market target is at 310.
Apple: AAPL will remain in a trading range between 400 to 650 as it consolidates the recent explosive move breaking out from 200. The next bear market target is 470, then 400.
Euro-USD: Very long term trendline support at 126 is broken and currently trading near at 123.5 near the next VLT support at 124. The next support is 116 with a LT target to 100 in parity with USD. The creation of Euro is helping to unify the European currencies with USD.
Euro-Yen: The market is heading to 88 with a short term support at 95.
Crude Oil July2012: Oil is heading to the next support 75.
Gold future Aug 2012: Gold is trading at 1569 after bouncing off from triple support at 1530 off 20% from the 1938 in Sept2011. Gold mania to 1938 is the extended Grand Super Cycle V as Euro and
USD adjusts to parity. Gold will likely trade in a narrow range between 1500 and 1900 with a resistance at 1700.
Silver future Aug2012: Silver triple support at 26. Resistance at 34 which will be trading similar formation to 45 as Gold remaining in the trading range between 1500 and 1900.
Markets are in a cyclical bear market since April 2012 with S&P500 at 1422 in a long term secular bear market since March 2000 as shown on the very long term charts.
Fundamental Analysis does matter even though Technical Analysis trumps in a short term. Disciplined money management is the most important aspect of any trading or investments. Markets are completely manipulated with almost 100% control.
Aforementioned Speculative market forecasting will be adjusted as necessary.
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