Market Trend - Technical Analysis: 10/18/09

Saturday, October 24, 2009

SPX 500 - Monthly - " Follow Trend "

I use some indicators that I created, but I like to follow the traditional indicators.
Important to follow market and follow trend.
Follow the trend is have the opportunity to make money more easily. And that's what all the trades want.
This chart is one of my preferred to see the long term.
With a week over a monthly closing, we have only 50% of bullish signal.
For a bull market I need to see:
1 - Close > Moving Average;
2 - RTS Indicator -> Black line > yellow zone.

SPX - Road Map " Bullish Scenario"

Charts: First Daily and secound Hourly cash and the last follow the pattern of lasts weeks. This is my bullish scenario for the nexts weeks. So my bullish scenario i don`t expect must more upside. Last high 1101 expect 1114 or 1120 it`s nothing. Remember SPX - Weekly Chart
1 - Pullback next week around 1060;
2 - New High between [1114-1120];
3 - Sell off target around 980.
I expect a sell off before the end of the year. Click to zoom in. Enjoy.

Friday, October 23, 2009

SPX500 - Weekly Update

**************** Advise ********************
Build short positions > 1080
First Target [1005,1020] 70%
Secound Target [975,980] 30%
********************************************
Indicator didn`t follow price.
Testing this week again trend Medium vs Long Term.
Market Losing Momentum.
Possible bearish divergence but need confirmation.

Wednesday, October 21, 2009

Technical Analysis Daily SPX 500

1081 - Close above my last important suport short-tem.
But we have some bearish signal that this market going down short-term.
So below 1090 I expect short-term 1066 and them range [1052-1056]
Click to zoom in. Enjoy

Tuesday, October 20, 2009

SPX500

In sp500 the same is happening, its forming a ascending wedge, probably its missing one more high (or not), and then we can have a big correction.
So my setup for tomorow will be going short around 1090-1093, with close stop above the highs.
Comments are welcome.Regards to all and good trades.

Eurodollar And Dollar

In my opinion the dollar and eurodollar had been a very good indicator about the direction of the market. And now both are wedging, that means the odds that the trend might invert are very high. Perhaps its missing one leg, until it activates the wedge i dont have confidence about where it goes.

Quick Analyze

First of all i'll like tank to my big friend Carlos to let me post my charts and opinions in this blog.
In the first place the trend since march lows is the upside, there is no doubts about it.All trends are up, and any trade you do in the downside its a trade against the trend.
Basically who as traded in the long side, has succeeded a lot in the last couple months, and so the best way to be in the market so far is in the long side.
My opinion about the market its probably very close to a top, about the start a big correction, but until now there's no evidence that the market has topped yet, so im going to post a few charts about what i think it might happen.

DAX30 Index - Resistances Medium Term

Dax near important resistances. This is a chart medium term dax30 index - Frankfurt Click to zoom in. Enjoy

S&P 500 Index Update

Bears need to make more. Suport 1086 and 1081 Resistance 1096,1103,1109 and 1117.
With this close spx versus RTS have the pattern "M" that i wrote last weekend. Bears need to close hourly and must important cash at close below 1081.
Today visited only the suport.Click to zoom in. Secound chart 15 minutes. Comments are welcome.Enjoy.