The S&P500 index (SPX) recovered from April's correction and rebounded on the 1D MA50 (blue trend-line) during late May's consolidation, much faster than all previous corrective phases within the 1.5 year Channel Up pattern. This has resulted in the price testing again the top of that pattern, first time since April 01. So far it has been there but failed to...
NIKKEI (NI225) offers a very consistent long-term pattern when you look at it on the 1W time-frame. As you can see periodically, every roughly 3 years it peaks and then starts to correct through a Channel Down pattern towards the 1W MA200 (orange trend-line). It was only fairly recently (in relative 1W terms) that the index sought and found support on the 1W MA50...
Dow Jones (DJI) is about to close a red 1W candle, staying flat basically for the 3rd week in a row. May's Double Top on Resistance 1 (40075) technically calls for an approach attempt on Support 1 (37250) but that doesn't invalidate the long-term bullish technicals as the pattern is a 1.5 year Channel Up. As a result, with the 1W MA50 (blue trend-line) supporting...
Nasdaq (NDX) delivered an excellent buy signal last time we looked at it (May 30, see chart below) and is approaching our 19900 Target: The pace of this rise however has been very strong, certainly stronger than the December 2023, which we used as fractal comparison, and the price already reached the top (Higher Highs trend-line) of the 1.5 year Channel...
The Nifty 50 Index (NIFTY) respected the former 6-month Channel Up last time we looked at it (April 30, see chart below), hit our 23100 Target and then broke the pattern: What the latest technicals show is that the emergence of the Megaphone pattern on the 1D time-frame, resembles that of July - November 2023. That structure made a -7.00% that found Support...
Great display of compliance to technical dynamics by FTSE 100 (UK100) on our previous analysis (April 29, see chart below) as after hitting our 8350 Target it got rejected exactly at the top (Higher Highs trend-line) of the long-term +2 year Channel Up: The corrective pattern broke yesterday below the 1D MA50 (blue trend-line) for the first time since April...
Last time we looked at SPY (May 01, see chart below) we gave a strong buy signal following the 1D MA100 (green trend-line) bottom and we are already well into new All Time High territory: As you can see, the price hit the top of the short-term (dotted) Channel Up and pulled back to the 1D MA50 (blue trend-line) again. This inability to break above the Channel...
Nasdaq (NDX) has been trading within a (blue) Channel Up since basically the market bottom of the inflation crisis in October 2022. On the bigger picture, this is the technical Bullish Leg of the 14-year Channel Up and is supported by the 1W MA50 (blue trend-line) since March 13 2023. Based on the 1W RSI pattern, we have previously seen such Bullish Leg within...
The S&P500 index (SPX) has turned sideways since practically May 16 and, supported by the 1D MA50 (blue trend-line), is consolidating. Even though this consolidation is taking place at the top of the 1.5 year Channel Up (Fibonacci 0.0 - 0.236 range), it is similar in some way to the accumulation of April - May 2023 (also a little like November - December 2023),...
On our last Dow Jones (DJI) analysis (May 24, see chart below), we called for the high probability of a bearish break-out below the Channel Down, following the 1D MACD Bearish Cross (similar to April 02): As you can see, Dow delivered, so our 38350 Target got hit, with minimum losses on the buy position at the bottom of the Channel Up. Yesterday's rejection...
Nasdaq (NDX) made the bullish break-out that we largely expected as described on our previous idea (May 15, see chart below) and almost hit our 19100 Target: Right now we see a short-term pull-back, which based on the November - December 2023 fractal (green ellipse), should be at worst a 2 week consolidation. The 1D RSI also shows that symmetrically we should...
The S&P500 index is recovering from the last Higher Low at the bottom of the Channel Up, which even broke below the 4H MA50 (blue trend-line) last Thursday for the first time since May 02. The 4H MACD is forming the first Bullish Cross since that very same date, which was also a recovery sequence after a bottom on the Channel Up pattern. Having also breached into...
The Dow Jones Industrial Average Index (DJIA) hit our 40000 Target that we set on our May 06 idea (see chart below) and after that experienced a sharp pull-back: So far this is within the lines of a natural technical correction correction towards the 1D MA50 (blue trend-line), which during uptrends tends to be re-tested as a Support. Notice also that this is...
The S&P500 (SPX) index gave us an excellent bottom buy signal on May 02 (see chart below) that comfortably hit our 5200 Target: The pattern that prevailed is a Channel Up, holding since the start of the month. As long as it is supported by the 4H MA50 (blue trend-line) and the 4H RSI Rectangle holds, we expect the current consolidation to give a similar 2.0...
DAX (FDAX1!) gave as an excellent sell opportunity last month (April 11, see chart below) that hit the 17700 Target and shortly after rebounded: The index yet again flashes a sell signal as the price got rejected yesterday exactly at the top (Higher Highs trend-line) of the 1.5 year Channel Up. In symmetrical terms, this is similar to the Higher High...
The S&P500 index (SPX) is having another very strong bullish month, following the red 1M candle of April, which was the first after 5 straight months of profit. Many might be wondering why a deeper correction didn't come at this stage and the answer is simply that it's not yet the time for it. We present to you today what we call the "Ultimate stock market cheat...
Three weeks ago (April 23, see chart below) we called for a relief rally on Nasdaq (NDX) 18000, right when the price was at the bottom of its correction: The Target was the top of the Channel Down, which was the correction pattern and just below the 0.786 Fibonacci retracement level which during the July - October 2023 correction was where the uptrend was...
Dow Jones (DJI) gave us a solid bullish break-out signal after it broke out above its 1D MA50 last week (May 06, see chart below): As you can see this gave way to a new Channel Up, which we view on the current analysis on the 4H time-frame. That is because on Friday it formed the first 4H Golden Cross in 6 months (since November 08 2023)! This is on its own...