Wednesday, November 04, 2015 11:49:24 AM
11/04/15 SPX
rally is fizzling a bit
SPX session high 2116.48 on 11/03 (table 2115.20)
10/23 - SPX enters a cluster of Wave/Fibonacci zones.
10/08 ,03/14 Fibonacci terminal points
"Fundamental" analysis, observed
Hot Soak: The engine remains hot for a period of time after it is is turned off
Two of the major engines to drive the stock bull market since 2009
(i) QE is behind us.
(ii) China 4 trillion stimulus package (2008-2012) is behind us. the “Hot Soak” phenomenon dragged another 2 years. in reality, China entered deleveraging cycle since 2012, their leaders warned “painful” time ahead honestly.
in essence:
- stock bull market dual engines were in shutdown mode, The QE “Hot Soak” works at its finest Crescent moment. Bulls' only hope is the QE hot money flows back to the US stock market continously. However, China are pulling the USD leg with his deliberative tactic maneuver, No one knows how it ends.
- QE4 & NIRP will dive mighty USD in quick spiral down mode.
- In spite of the recent trim-down action on their high targets respectively and consecutively (Why?), the bullish targets set by the leading bullish E-wavers Tony Caldaro and Avi Gilburt are under a severe challenge. imho, 2213.50 remains a pipe dream. 2140-2150 might be the new ATH, so what, when we will see 2300 2400 2500 ..
- This Is the Worst U.S. Earnings Season Since 2009 link
simple word: The year of stagnancy
Jan 2, 2015 S&P500 “Grand Opening” 2,058.90
01 - 1,994.99 month end closing number
02 - 2,104.50
03 - 2,067.89 Q1 end
04 - 2,085.51
05 - 2,107.39
06 - 2,063.11 Q2 end
07 - 2,103.84
08 - 1,972.18
09 - 1,920.03 Q3 end
10 – 2079.36
rally is fizzling a bit
SPX session high 2116.48 on 11/03 (table 2115.20)
10/23 - SPX enters a cluster of Wave/Fibonacci zones.
10/08 ,03/14 Fibonacci terminal points
"Fundamental" analysis, observed
Hot Soak: The engine remains hot for a period of time after it is is turned off
Two of the major engines to drive the stock bull market since 2009
(i) QE is behind us.
(ii) China 4 trillion stimulus package (2008-2012) is behind us. the “Hot Soak” phenomenon dragged another 2 years. in reality, China entered deleveraging cycle since 2012, their leaders warned “painful” time ahead honestly.
in essence:
- stock bull market dual engines were in shutdown mode, The QE “Hot Soak” works at its finest Crescent moment. Bulls' only hope is the QE hot money flows back to the US stock market continously. However, China are pulling the USD leg with his deliberative tactic maneuver, No one knows how it ends.
- QE4 & NIRP will dive mighty USD in quick spiral down mode.
- In spite of the recent trim-down action on their high targets respectively and consecutively (Why?), the bullish targets set by the leading bullish E-wavers Tony Caldaro and Avi Gilburt are under a severe challenge. imho, 2213.50 remains a pipe dream. 2140-2150 might be the new ATH, so what, when we will see 2300 2400 2500 ..
- This Is the Worst U.S. Earnings Season Since 2009 link
simple word: The year of stagnancy
Jan 2, 2015 S&P500 “Grand Opening” 2,058.90
01 - 1,994.99 month end closing number
02 - 2,104.50
03 - 2,067.89 Q1 end
04 - 2,085.51
05 - 2,107.39
06 - 2,063.11 Q2 end
07 - 2,103.84
08 - 1,972.18
09 - 1,920.03 Q3 end
10 – 2079.36
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