Market Outlook

[GrandSupercycle]

Re: ★ Market Outlook ★

Despite market uncertainty, SPX buyers will get the upper hand and burn the shorts once again.

LIVE UPDATES:
@GrandSupercycle

 

[GrandSupercycle]

Re: ★ Market Outlook ★

Stock bears return after short cover spike and AUDUSD 8 hour chart shows possible rising wedge (bearish when confirmed)

SPX selling now invalidates bearish daily USDX signal.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

Despite the chop, SPX buyers & USDX sellers are dominating again.

AUDUSD 8 hour possible rising wedge > invalid.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

WARNING: SPX sudden selling pressure now results in weekly chart giving bearish warning.

AUDUSD 8 hour possible rising wedge returns.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

♦ ♦ ♦ SPX weekly chart bearish warning continues. This signal can override all others ♦ ♦ ♦

LIVE UPDATES:
@GrandSupercycle

 

[GrandSupercycle]

Re: ★ Market Outlook ★

SPX weekly chart shows impending decisive move.

http://stockmarket618.files.wordpress.com/2012/07/2012-07-13_sp500_wk.png

 

[GrandSupercycle]

Re: ★ Market Outlook ★

Overbought USDX daily & weekly charts commence overdue pullback.
SPX / DOW weekly charts revert to neutral.
So 2012 equity rally can resume.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

Market reverts to indecisive vacillation ie no consensus.
SPX / DOW weekly chart bearish warning returns and continues to conflict with overbought USDX daily and weekly chart.
Hopefully Bernanke testimony this week regarding QE3 may resolve this.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

USDX daily chart still wants to retrace.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

Is the market anticipating QE3 ?
SPX 8 hour chart shows possible inverted H&S

 

[GrandSupercycle]

Re: ★ Market Outlook ★

SPX 8 hour possible inverted H&S now invalid.
SPX / FTSE / DJIA bearish weekly chart dominating again…

 

[GrandSupercycle]

Re: ★ Market Outlook ★

Market reverses again: SPX buyers and USDX sellers now dominating.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

USDX daily chart reverts to bearish for overdue retracement & SPX daily reverts to bullish as equity rally resumes, thanks to Mr Bernanke.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

Market dislocation & some bearish equity consensus returns.
FTSE 8 hour chart still bearish.
SPX daily reverts to bearish/neutral.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

SPX 8 hour chart inverted H+S returns ... (ie bullish)

 

[GrandSupercycle]

Re: ★ Market Outlook ★

USDX daily chart retracement strengthens so bullish for EURUSD etc but market conflict and dislocation continues as USDX is out of sync with SPX.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

Bearish SPX and EURUSD dominating further

Real time Updates:
@GrandSupercycle

 

[GrandSupercycle]

Re: ★ Market Outlook ★

SPX good downleg commencing.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

SPX weekly chart shows ongoing vacillation and lack of consensus.
http://stockmarket618.files.wordpress.com/2012/07/2012-07-21_spx_wk2.png
The impending directional move is getting closer and it should be down.
I previously thought the overbought USDX signalled more equity rally this year but looks like I’m wrong as bearish weekly & monthly SPX etc charts are increasingly influential and dominate all else.

 

[GrandSupercycle]

Re: ★ Market Outlook ★

GOLD and SILVER daily and weekly charts give bearish warning...
An important development imo.