SI
SI
discoversearch

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 : News Links and Chart Links
SPXL 222.94+1.0%Dec 3 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Les H6/18/2022 12:49:12 PM
1 Recommendation

Recommended By
skier31

  Read Replies (1) of 29601
 
Having the S&P 500 (SPX) record a lower low and close last Monday, June 13th, reversed all bullish views. Looking back at the McClellan Oscillator and Wayne Whaley’s Breadth Thrust, they both confirm a failed bullish read. The McClellan Oscillator needed to hold the zero line to help insure the previous low at 3810.32 would hold. That failed and Wayne Whaley’s Breadth Thrust dramatically went from an extreme high to an extreme low. Going as far back as the charts allow, this has never happened. Anomalies such as this and other ’never seen before’ events should be taken seriously as they portend to more ‘events’.

Now that a bearish overview has been established for the long term, to remotely see anything bullish, the SPX would need to trade above 4130. That is the price range for the a potential monthly price flip. More specifically, 4131.93 for August and 4132.15 for September. Trading above these levels will raise the possibility that momentum can be halted through a monthly DeMark price flip. If momentum continues lower, a TD Buy Setup @9 can record in October. Note: A monthly 9 count has never been seen since 2008.

tradetrekker.wordpress.com

Cryptocurrencies are signaling continuing liquidity problems.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News