Strange vibes…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p65149089490&a=410780492 Our analysis continues to be a rising wedge in a market of confusion and chaos.  The excursion downwards is breaking the trendline (besides that broken line we have already…

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Stop right there…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 As seen a short term trendline is broken, more significant at this moment than usual because of the precarious state of the market.  bp10 has raised the long term…

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Believing the unbelievable…

                              http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=4&dy=0&id=p34003818356&a=407475521 The famous (relatively) trader Ed Seykota is supposed to have said, "I can't…

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Market misfires. Refuses to tip…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=7&dy=0&id=p97591315138&a=408600621 Offered a chance to resolve the suspense Friday the market played coy, so the issue remains unresolved.  The market principle should be remembered:  The market will do whatever it…

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The tipping point….

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Well. is this it finally?  Could be as we will see further down.  No question the SPX has made a higher high and has pierced the uppper trendline.  Given…

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