The SP500 index hit the 50/50 point and is in equilibrium – no advantage to either side.
Dynamic Chart
Market is back to the oversold level of the last selloff. It is options expiration week so weird things can happen in the short term.
Charts courtesy of Stockcharts.com
Tags: Advance-Decline · Market Cycles
Today is the Autumnal Equinox and the markets are extended. I have found that the spring and fall turns usually do not affect the market significantly – unless the market plans to change direction anyway.
Tags: Market Cycles
The market has been climbing for about 150 days with only a 30 day correction. This shows the market is strong but also that time is running out on this rally.
Tags: DJIA-Dow Crash 1929-1942 · Market Cycles · Market Outlook
Market weakness has turned up at the ninety first day of the cycle off the March low.
Tags: Market Cycles
The 218 calendar day cycle is hitting as price is forming a second inverse head and shoulders pattern. Base on base formations often lead to a strong bull move upwards in price.
Tags: Elliott Wave Analysis · Gann Emblem · Market Cycles · Market Outlook · Roadmap
Today a high volume outside day to the downside signaled the end of this move – maybe.
Tags: Market Cycles · Nasdaq Charts (IXIC)
Analysis of the square root price progression shows price has moved 720 degrees off the market low. This level often provides a top of some nature. In this case, a top to regroup and then move higher. The May cycle turn is near and price is not making a low as hoped for.
Tags: Elliott Wave Analysis · Market Cycles · Market Outlook · Roadmap · Square of 9
There has been much talk by the “gurus” about how interest rates are moving up and how it is a sign of … well… Armageddon, I suppose.
Tags: Bonds · Market Cycles · Square Out
The move up from the low in November lasted 45 calendar days and was approximately 90 days from the October 10th cycle turn. The drop on Monday began 45 calendar days from the March low.
Tags: Gann Angle Fan · Gann Emblem · Market Cycles
The current market situation is a long drop into a 150ish calendar day base. One method I have found for measuring moves within the base is to compare the current slope against the original range.
Tags: Apple Computer (AAPL) · Dow Jones Industrial Average (DJI) · Market Cycles · Nasdaq Charts (IXIC)
The Nasdaq Composite (COMPQ) has bounced strongly off the March low with respect to the January high. Price moved above the 2×1 angle until around March 27th when it was influenced by the 1×1 descending diagonal (red line).
Tags: Gann Angle Fan · Market Cycles · Nasdaq Charts (IXIC)
The market is getting very overbought with the recent move up that has lasted longer than 30 calendar days. Ninety days from the January high hits today – April 6th.
Tags: Advance-Decline · Gann Emblem · Market Cycles · Market Outlook
The time cycles of the shorter term charts show cycles hitting in April and May.
Tags: Gann Emblem · Market Cycles · Market Outlook · Nasdaq Charts (IXIC) · Square of 9
The number of calendar days of versus trading days is not as different as it appears. This post discusses that relationship.
The SP500 index (SPX) must deal with overhead resistance and a short term cycle in order to continue higher.
Tags: Market Cycles · Nasdaq Charts (IXIC)
The semiconductor index (SOXX) and the SP500 index (SPX) both hit a major cycle point in mid-May.
Tags: Market Cycles · Semiconductors (SOXX)
Calendar day counts of three recent trend changes.
Tags: Market Cycles
Price is weakening into the time cycle of the recent bounce.
Tags: Market Cycles · Nasdaq Charts (IXIC)
Multiple cycles are completing as the market comes under pressure
Tags: Gann Square · Market Cycles
I previously mentioned in a post about Gann and the Sidereal Lunar cycle the relationship to the 218 day cycle. Briefly, the 218 day cycle has come up multiple times in my work and the translates into approximately eight Sidereal months.
Tags: Market Cycles · Roadmap