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Flypaper channel acting as resistance.
Flypaper chart opens up to all time frames.
Check out the monthly to see similar pattern after previous long-term tops.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p99653831920&a=245533202&listNum=19
Bollinger with BB13,.05 added
Work on all time charts 1 min to monthly.
Short-term traders check out 60 min and under.
Keep on "fill the chart"
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&b=5&g=0&id=p87387287552&a=245588395&listNum=19
What's interesting about the bollinger band chart I posted it that it works on any time frame. Just keep it on "fill the chart" and check it out from 1 minute to monthly. Really great tool.
SPX Daily Bollinger bands plus chart
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p57930329142&a=245588506&listNum=19
SPX 60 min Bollinger bands plus chart
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&b=5&g=0&id=p72852645284&listNum=19&a=245588395
One possibility is the bearish megaphone scenario
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p19357547985&listNum=19&a=243436896
This would see the current down red channel as a bull flag causing a thrust upward breaking bullishly above the blue apex and thrusting upward to the top of the megaphone for wave 4. Then would follow a sharp, swift "CRASH" to at least 1050. Just a thought.
Possible rally to top fork line. Buy puts then. Watch futures. Check trend line charts on this page
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1399335&cmd=show[s66968564]&disp=O
MACD on UUP poised to rise causing market drop
http://stockcharts.com/h-sc/ui?s=UUP&p=60&yr=0&mn=1&dy=0&id=p94337700359&a=242674542&listNum=17
Bear flag morphing into an apex?
The Omni guy posed this question today. Clearly the bear flag was broken to the downside (see chart). The question posed is was the breakdown a false one within an apex formation occurring where a false breakdown occurs (2/3’s of the way to the point)? If so, a reversal to the upside occurs and the real breakout to the upside occurs. That could happen. However, I think it more likely the red down channel (chart) will dominate. A break to the upside of the apex is extremely bullish. My bias is down. Watch the next couple days for trend to be established.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p47363107202&a=243436896&listNum=19
WEEKLY CRASH SIGNAL IN FORCE
TECHNICAL CONDITIONS SIMILAR TO 4TH QTRS OF 2000 & 2007 EXIST. 1-2 YEAR SHARPLY DOWN MARKET. RISING ABOVE THE "CLOUD" WOULD VOID FORECAST. SHARP UP AND DOWN MOVES AS MARKET DIVES. PROFITS TO BE MADE ON BOTH SIDES IF TIMED WELL WITH STOPS.
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=12&mn=0&dy=0&id=p11027586650&a=176745813&listNum=9
Stage 3 collapse, new blue channel down
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p76515575429&a=237293115&listNum=4
Stage 4 down under way. Possible bounce to 200 day. No guarantees.
Hit resistance line for C down now bounce
to 200 day
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p76515575429&a=237293115&listNum=4
Bounce then drop to 1200 starting stage 4
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p76515575429&listNum=4&a=237293115
The answer is wave 3 down.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p76515575429&a=237293115&listNum=4
Further down to go.
See if support level holds.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=1&dy=0&id=p49478353932&listNum=4&a=238243622
Wave 3 down or cup & handle?
See note on chart.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p94571870576&listNum=4&a=237293115
60 bounce to 1358 possible before major drop
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=1&dy=0&id=p21946739920&listNum=4&a=238243622
Posted 60 min by error. Here's daily to use. Focus on the RSI (8). SPX daily moving towards 200 day avg as a possible bottom.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p61427207457&listNum=4&a=237293115
Daily set to break support moving to 1300
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=1&dy=0&id=p63626409244&listNum=4&a=238243622
Check out the RSI (8) indicator section on this daily chart.
Will the circle be unbroken?
Watch for a drop to the circle edge around 1310 to form the handle. Otherwise bombs away.
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=2&dy=10&id=p12515481455&listNum=4&a=237756096
SPX Daily hit mid pitchfork right shoulder
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p94817698345&a=237293115&listNum=4
Possible cup & handle forming.
If so, after a pullback, 1440-50 is target.
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=2&dy=10&id=p12515481455&listNum=4&a=237756096
SPX 10 min. WATCH ROC 100.
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=2&dy=10&id=p03471179156&listNum=4&a=237756096
Reminds me of "The Wall Street Jungle" by Richard Ney.
The Rapture is the best retirement plan. However,
in the meantime, don't fight the tape, as Marty says.
60 min chart
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=1&dy=0&id=p48568353768&listNum=4&a=238243622
(Poster’s Note: The above chart has no reference to anything insane, Bernanke, Madoff, Obama, Casey Anthony, Lindsay Lohan, Kim Kardashian, or Barney Frank and Nancy Pelosi’s love child. It’s just a chart. A good chart has its own voice; however, hearing that voice is similar to hearing the still, small voice of God, i.e., one has to shut up first in order to hear it. Happy listening, and happy July 4th. )
Right shoulder forming nicely approaching resistance line.
Probably hitting it next week and then a pullback. If this is an A,B,C rally wave with wave A now forming, then a forecast possible after pullback for a C top. If no A,B,C, then A is right shoulder top. Nearing earning season reports may be a "sell the news" cause for a July fade. Also, nervousness regarding debt talks is likely to add to a fade.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22772926009&listNum=4&a=237293115
No right shoulder yet.
Probably should have put a question mark after "right". But it could form. Otherwise, a break below the double blue lines would mean the red down arrows apply. In "in between zone" now. Odd week this week before holiday weekend may provide misleading direction as volume dries up after Wednesday so caution advised. Clarity next week either up or down. Successful Greek talks & budget progress could boost market then.
USD monthly nearing buy signal
http://stockcharts.com/h-sc/ui?s=$USD&p=M&yr=4&mn=6&dy=0&id=p06897977089&listNum=4&a=237658711
Sadly, apparently so.
Daily bouncing off 200 day forming bear flag
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p52103771886&listNum=4&a=237293115
The monthly chart looks ominous.
http://stockcharts.com/h-sc/ui?s=$SPX&p=M&yr=4&mn=6&dy=0&id=p69200510609&listNum=4&a=237368994
1188 looks like a sure thing. Lower if monthly close below that. That's the trend with contra-trend rallies along the way.
Possible inverted H&S being formed on 60 min.
If so, upside target is 1325.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=1&dy=0&id=p83506014230&listNum=13&a=236931963