Thursday, June 23, 2011 2:50:44 PM
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:
90+ other charts publicly listed on StockCharts.com here: http://bit.ly/mF3lhy
Your vote is always appreciated. Thank you.
- Dalcindo
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:
90+ other charts publicly listed on StockCharts.com here: http://bit.ly/mF3lhy
Your vote is always appreciated. Thank you.
- Dalcindo
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