SPX monthly - stopped at 20 month!

It's the end of the month, so this is relevant

also look at the other charts!  Perfect back test and rejection on the IWM and RUT

here's an interesting chart

SPX 60 min chart setting and video

Here's a chart example that I will have in tonight's Newsletter which will be posted later.  However I also made a quick video to go over it:  The contains a MACD, 13/34 EMA, custom Histogram, 60 period stochastics etc.  One thing that stands out to me is the trendline and the Fibonacci retracements.  Notice that the last pullbacks all retraced slightly more than 61.8% from the previous low, if this were to occur again, the SPX would go to about the uptrend line

VIDEO - 60 min chart setting

here's the dynamic charts:

SPX 60 min setting - for Stockchart members

for non-Stockchart members, cut and paste the following URL into your browser

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=14&i=p10972496968&a=161963261&r=8430

Here's the Stockcharts Equivalent. 

SPX daily with GE comparison

Here\'s an interesting chart

Wow, here\'s an interesting chart of GE with the SPX.  Notice how divergence in GE have correlated so well with tops and bottoms in the market! Almost uncanny, it\'s almost like GE is a MACD indicator lol

Weekend Newsletter Part 2 Commodities

Steve will post his shortly

US Dollar 240 min furtures (symbol DX)

OK, don't ask why I'm up, couldn't sleep, anyway here's a 240 min US Dollar Futures chart.  As you can see, a very nice bull wedge is developing.  Also as we know, it's 'all about the Dollar'!  Therefore we need to keep an eye on this, if the Dollar rallies out of this wedge, the market will react negatively.

Anyway, I need some sleep, going back to bed, let's see what MSFT reports in the morning, and of course, what the Dollar does.

Gold/SPX ratios - triangle forming!

Gold/SPX ratio - triangle forming - if the ratio breaks out of the triangle to the upside, it would be bullish for gold!

Gold chart with the Gold/SPX ratio at the top, draw trendlines on the ratio

Here's the trendling indicators and charts, I get asked about these all the times for chart URL's, so here you go

SPX daily - Arroon, trendlines, etc

NAUD chart

NAAD weekly - follow trendlines

NYSI - CCI 13 above -100 and below 100 and the price

Comoodities had a good day

DBC - general commodities ETF

DBA - Agriculture ETF

RJA - Agriculture ETF

Some chart

Here are the 1X Short ETF\'s that I\'m keeping my eye on for when the market indexes put in 5th wave tops.  I like the 1X ETF\'s because they should not degrade as much as the 2X and 3X ETF\'s and thus could be held for longer periods of time for swings.

Let the market put in a top instead of trying to pick a top.  I\'ve listed thee criteria on the chats to look for:  1. 60 period stochastics. 2. Aroon  3.  50 day MA and trendlines of the bull wedges.

SH daily chart

DOG daily chart

PSQ daily chart

Also keep an eye on these long term trending indicators for a reversal as well:

NAAD Cumulative chart

NYSI Cumulative chart

Thursday October 8th Market Recap

1. Market Analysis

2. Trending Indicators

3. Commodities, Gold and Precious Metals and US Dollar

The US Dollar futures look awful.  Looks like gold will probably have another pop in the morning.  Also Gold looks like a bull flag/pennant on the 60 min chart.