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Emini S&P Going Back Down To Former Parking Zone Jun 15, 2015
2015 Jun 15 Mon 12:53:09 | by
Mid day update: From a multiple month perspective, Emini S&P is now back down to its favourite spot over past few months.
A closer look tells us Emini S&P has a choice here. It can choose to go back up to channel mid / previous week midpoint swiftly to wait for FOMC Wednesday.
S&P500 Short Term Market Breadth Analog Forecast Starting Jun 15, 2015
2015 Jun 13 Sat 15:18:34 | by
Review of Forecast for Jun 8, 2015
The expectation of volatile price actions was correct with 1% swing down and then 2% straight up. The risk of 5% downside move did not materialize as a hoax about a deal with Greece changed everything. The breadth analog model did a fair job last week.
Forecast Starting Jun 15, 2015
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Jun 12, 2015:
- Volatile price actions of 2% or more both ways
- If a swing top is formed in coming 2 weeks, risk of 8% or more decline increases
Report Snapshot
Short Explanation About The Model
My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.
For the technical explanation of the concept, you can read about it here, Market Breadth Primer: Market Breadth Analog Forecasting Method
To access the market breadth analog forecast report daily, sign up as our paid member now
Emini S&P Back to Channel Top Jun 10, 2015
2015 Jun 10 Wed 13:12:48 | by
Mid day upate: Emini S&P gapped above channel mid and forced a run back up to down channel top. How ES behaves at this price level will determine if we are going to get further sell off or break out of the down trend completely.
2015 Jun 9
Emini S&P Channel Play Continues Jun 9, 2015
End of day update: The flatten channel that the bulls hoping to hold up has failed them. The original down channel continues to guide Emini S&P lower to the channel bottom earlier today where the bounce occurred. By tomorrow, if Emini S&P st ...
End of day update: The flatten channel that the bulls hoping to hold up has failed them. The original down channel continues to guide Emini S&P lower to the channel bottom earlier today where the bounce occurred. By tomorrow, if Emini S&P st ...
2015 Jun 8
Nasdaq 100 Decision Time Has Come Jun 8, 2015
I posted a daily Emini Nasdaq 100 chart back on Jun 3rd that it was at a crossroad. Here is the chart updated to 4pm close today. If NQ fails to stage a come back tomorrow, we are looking at a nasty selloff back down to 4350 or even 4250 quickly. ...
I posted a daily Emini Nasdaq 100 chart back on Jun 3rd that it was at a crossroad. Here is the chart updated to 4pm close today. If NQ fails to stage a come back tomorrow, we are looking at a nasty selloff back down to 4350 or even 4250 quickly. ...
2015 Jun 8
Emini S&P Tagging Temporary Support Jun 8, 2015
Mid day update: Previous week low and a flatter down channel is now supporting Emini S&P. Break below that, we get 50% range expansion off previous week range down to mid 2060s. Up channel is already broken with down trend on 30-minute now clear ...
Mid day update: Previous week low and a flatter down channel is now supporting Emini S&P. Break below that, we get 50% range expansion off previous week range down to mid 2060s. Up channel is already broken with down trend on 30-minute now clear ...
2015 Jun 6
S&P500 Short Term Market Breadth Analog Forecast Starting Jun 8, 2015
Review of Forecast for Jun 1, 2015 The expectation of volatile price actions was correct. We are looking at the start of a 5% downside move also taking shape. The breadth analog model did an excellent job last week. Forecast Starting Jun 8, 201 ...
Review of Forecast for Jun 1, 2015 The expectation of volatile price actions was correct. We are looking at the start of a 5% downside move also taking shape. The breadth analog model did an excellent job last week. Forecast Starting Jun 8, 201 ...
2015 Jun 4
Emini S&P Down Channel Won Jun 4, 2015
Late midday update: Down channel continue to dominate the tape and now threaten to push for a drop to below 2080 as I warned back on Jun 1. Channel play rules! ...
Late midday update: Down channel continue to dominate the tape and now threaten to push for a drop to below 2080 as I warned back on Jun 1. Channel play rules! ...
2015 Jun 3
Emini Nasdaq 100 Daily Bullish Structure Intact Jun 3, 2015
Emini Nasdaq 100 daily chart shows that it is sitting on the daily 20-period simple moving average and trapped at the up channel mid. I posted this chart back on May 20 that it was at a crossroad. I made a few adjustments to the chart here to highlig ...
Emini Nasdaq 100 daily chart shows that it is sitting on the daily 20-period simple moving average and trapped at the up channel mid. I posted this chart back on May 20 that it was at a crossroad. I made a few adjustments to the chart here to highlig ...
2015 Jun 3
Emini S&P Still Fighting In The Same Congestion Zone Jun 3, 2015
Mid day update: The down channel is now flatten a bit while the up channel also flatten due to the test of previous week low yesterday. ...
Mid day update: The down channel is now flatten a bit while the up channel also flatten due to the test of previous week low yesterday. ...
