John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (18214)	5/31/2016 7:26:11 AM
From: John Pitera	2 Recommendations Recommended By roguedolphin The Ox of 33421

here is the SPX 10 year weekly with the Moving Average rainbow on it.... again *notice how TIGHTLY the MA's are coiled together*...and the SPX is above all of these averages.... which is a positive setup....this should presage a meaningful percentage move over the next few months. Looking at the 10 year weekly USD index..we can see how tightly coiled the Moving Averages were back in July and early August of 2014. A very robust directional move tends to come out of these periods were the market condenses the Moving averages of various degrees into a very tightly wound band. The NDX 10 year weekly MA Rainbow is again looking very tightly coiled....... again indicative of a move of significant magnitude as we leave this consoldiation area. A caveat is that we had the NDX Moving Averages tightly coiled in July of 2008 and the large move we saw was down. Back then we had very massive problems in the CDS / CDO markets, the Housing market and sentiment was in a considerably different place. The USD index has continued the rally off of the May 5th panic washout in the USD. Message 30600061 JP

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