We first showed this chart last year to our members; It's quite amazing the symmetry here and how the elliptical pattern has exactly followed each major top/peak of the market rally following the bear market 2009 bottom. Going forward it will be interesting to see if the SPX can once again test the upper parabola this year. Also note how the 14/3 Stochastic is now getting overbought again, therefore I do not think the S&P 500 will be able to break out of this pattern and will once again turn back down near the upper parabola.
Newsletter Signup
Search
Followers
Blog Archive
-
▼
2012
(207)
-
▼
August
(16)
- GDX Mechanical Systems
- VIX chart updates
- Important Newsletter!
- VIX weekly follow up
- Weekend Commodity Newsletter
- Tuesday August 21st, 2012 Newsletter
- SPY 60 min chart
- ERX preliminary system
- Recent Newsletter
- Commodity Newsletter August 12th, 2012
- S&P 500 weekly chart - amazing symmetry
- 10 year yield with Bollinger Bands example
- Interview with David Stockman
- General Market Comments, trade ideas discussion etc
- A few Trade Idea Shorts
- Indexes compare
-
▼
August
(16)
Thursday, August 9, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment