Blog Archives

The Bullish Case for the sp500

The sp500 is looking quite bullish as we go into the end of month and end of quarter window dressing time frame.  It is looking like ‘they’ will squeeze this market right up into the end of quarter.  Depending on how high they squeeze it, we could see some dramatic improvement on the longer term charts.

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Posted in Long Term Charts, Long Term Trading, Market Timing, SP500
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Elliottwaver Makes Similar 2007 2011 Comparison

This Elliottwave site makes a comparison between the 2007 and 2011 time frame to argue possibly that we are at a similar juncture for a break down as was the case in 2007.

Recently I have also done a 2007 2011 comparison with respect to the head and shoulders bottoming formations that were occurring near market highs. 

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Posted in Long Term Charts, Long Term Trading
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sp500 Finished Quarterly Candlestick as Consolidation Hammer

The sp500 managed in the final days of the quarter to change more negative looking quarterly candlestick into a more neutral looking candlestick.

The quarterly candlestick now looks like a simply morphed doji or tendency towards a reversal hammer.  Whatever you want to call it, I have seen these types of candles form right under important resistance zones as consolidation candlesticks that lead to upside breakouts.

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Posted in Long Term Charts, Long Term Trading, SP500
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Quarterly Long Term sp500 Chart Summarizes the Bull or Bear Case

The bull case and bear case is never really totally clear unless you branch out to the much longer time frames.

Based on the quarterly sp500 chart I can only make the conclusion that the market is still in a potential zone for more bearishness and also in a potential zone for more bullishness. 

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Posted in Long Term Charts, SP500
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Important Long Term Ultra Bearish Scenario for sp500

The chart you are about to see below may be one of the most important sp500 charts I have ever created with possible dramatic implications for the next 5 to 10 years.  This long term chart is much different than the other longer term multi year charts because this one shows a down trending channel. 

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Posted in Long Term Charts, Long Term Trading, SP500
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The Most Bearish Monthly Hanging Man Candlestick in 41 Years on sp500

Sometimes you have to stare at your price charts a little bit longer to understand the real potential magnitude of what you are dealing with.  Sometimes hidden clues in the charts only make themselves known until extensive contemplation and study.

BestOnlineTrades continues to push the limits of proper interpretation of these markets and we continue to focus on interpreting price action across multiple time frames. 

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Posted in Long Term Charts, Long Term Trading, SP500
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Yearly Sp500 Guide Posts

The yearly candlestick chart of the sp500 is indeed one of the most powerful technical analysis charts in the current multi decade time frame.  The yearly time frame is the maximum time frame in technical analysis and identifies massive bull or bear markets and massive support and resistance levels.

What we can see from the current yearly sp500 candlestick chart is that the sp500 has been trading in a massive trading range since the year 2000. 

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Posted in Long Term Charts, Long Term Trading, SP500
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Nasdaq Composite on a Date with Destiny

This may be one of the most important posts and charts I have posted in a long time. Market index analysis has a habit ( at least to me) of being MOST of the time fuzzy around the edges.  But occasionally it starts to crystallize into a clearer picture and better form that helps build confidence on a certain forecast. 

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Posted in Index Trading, International Indices, Long Term Charts, Long Term Trading, Tech Stocks
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sp500 Monthly Chart Still Shows that 1400 or mid June 2011 is End Game

The more I look at the monthly sp500 chart the more I am thinking this market is going to stall out near 1400 or June 14th, 2011 whichever comes first.  Given the current degree to which the market is overbought it seems like a reasonable forecast.

1400 on the sp500 represents multiple resistance zones which should make it difficult for the market to progress dramatically higher. 

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Posted in Index Trading, Long Term Charts, Long Term Trading
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A Mega 10 to 15 year Bull Market in Commodities

I was contemplating a little bit the MACD of the monthly inflation rate chart I posted a few days ago this past weekend and it occurred to me after reflecting on the yearly portion of that chart that we have not really even begun the commodity bull market

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Posted in Commodities, Long Term Charts, Long Term Trading, US Dollar Index
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