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:

3bar

John Pitera

The Ox

To: John Pitera who wrote (18825)	3/26/2017 11:08:26 PM
From: Chip McVickar	3 Recommendations Read Replies (1) of 33421

FWIW... markets future I posted earlier and believe that Mar 1 2017 is a window for trend change in the SPX Its a perfect impulse off the July 2010 low... The monthly chart pitchfork off that low - with an origin of 1010.91 July 2010 with the forward spread has carried the market... Each bar is contained by this pitchforks tines for months/years - even the long Jan-Feb bars of 2016 held on to the lower tine A 1.618 off the 1010 low is exact... at 2375.61 Furthermore - another pitchfork off the low of 1820 in Oct 2014 - with the forward spread is very active Look for a return to its median line. Finally I expect April-May and August 2017 are windows for directional change. No crash in 2017--- but that peak of Mar 1--- has to be taken out cleanly and forcibly to change my mind about its being a significant long-term high. Chip

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next