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[dalcindo]

SPX - A Quick (BEARISH) Review:

In continuation with our prior bearish outlook (see technical analysis of message "in reply"), I thought it timely to provide a quick technical note of the recent structural development, especially as classic patterns have emerged, and the overall picture remains in line with our prior bearish view - All this on a monthly chart, although more sensitive trend reversals (albeit less specific) may have emerged on weekly charts as well.

23 JUN 11 - TECH-NOTE:
Significant changes have occured at this point, namely:
1 - RSI completed a bearish confirmation in the month of MAY
2 - Price completed a (classic) BEARISH Gartley pattern at significant Fib levels
3 - Secondary indicators are lining-up into a bearish signal
OVERALL - BEARISH outlook




BULLISH PERCENT CHART:



RISK FLOW MAP



$SPX - 10-Year, WEEKLY Chart:



$SML - 3-Yr., WEEKLY Chart:



$SML - 10-Yr, MONTHLY Chart:



$MID - 3-Yr, WEEKLY Chart:



$MID - 10_Yr, MONTHLY Chart:




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- Dalcindo