John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

roguedolphin

To: Davy Crockett who wrote (18046)	3/25/2016 5:04:37 PM
From: John Pitera	1 Recommendation Read Replies (1) of 33421

Hi Davy,A couple of short term SPX charts with Fib retracements....... and then the 2 year SPX daily chart... is the daily chart the structure of a very large distributive top.... Sure is looking like it. The Action in the daily chart of the RUT, the NDX.. which is failing at it's w 200 day MA and some of this sentiment data such as the 5 week record collapse in the VIX and the massive bear market squeeze in Crude and the energy sector stocks supports this thesis. As we have discussed Crude appears to have rolled over. $42 was a GANN square of 9 key resistance area based on the low of 26.05 we reached in Feb. here is some levels we on the short term chart that we have broken below on the SPX 5 Day 5 minute chart more pertainly this chart is latest very short term levels on the 5 day 15 minute bar chart. the RUT failed at the 1103 level of resistance and had a daily RSI and ROC momentum signal JP

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next