spx weekly chart - what does it tell us

This is another favourite chart to watch amongst our  VIP MEMBERS HERE

As you have noticed we have been watching the weekly SPX chart very carefully! You have to love this chart if you are a trader, small or large as it really shows the power and how much the government has kept the markets afloat with their bullshit printing off of money.

"Hey you, check out this money we just printed, lets chuck it in the market!"

That is an awesome idea.....NOT! :-P

I can sit here all day and tell you how stupid the government is, and how much they love to work against you in your day to day life.....can you say *cough* Edward Snowden *cough*  haha. LOL.

Yes I can ream on all day about the government, but realistically I wont waist my time because it will not help you make money on the market.

Back to the charts : So in laymens terms the weekly chart has  now busted out of a nice rising channel it has been in since DECEMBER 2012. The stochastics and macd are also on a sell signal right now, so we have a big warning sign the market is about to hit the skids some more and a more down could be on the way in the next several weeks.

Even if we do see more profit taking and selling off, I would not go falling in love with the downside.

Yes the market does have some downside work to do, infact there could be some more violent selling off, but again, there are too many people screaming for a crash to 666 on the S&P. Now I am not saying that wont happen, but that is a low probability is all. I have posted many charts here in the blog that confirm we are still in a bull market. And we have to remember that bull markets do not go up in a straight line, that is for sure.

Looks like with the action we have seen in the last two weeks, we are going to have a very volatile summer on our hands. For some this will be great, and I love trading in this environment, but for others, they will get chopped up and lose their accounts. So you have been warned.

spx weekly chart

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!

Powered by 123ContactForm | Report abuse

Strong market - my oath

The weekly chart on the SPX is quite strong. The bulls are back indeed!, they are not only beating on their chest, they are winking at the bears and whispering "GO ON GIVE A GO SON!"

We finished on 1633 today and we believe that the LEVELS FOR VIP MEMBERS ONLY. 

Since 1400 we are in what we are calling and accelerated uptrend. There is not doubt this market is quite resilient at the moment and next week is going to be very interesting.

strong weekly chart

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP.



Powered by 123ContactForm | Report abuse

For all other enquiries ==>  CLICK HERE TO CONTACT US

USD weekly chart - The usd weekly chart is telling

usd weekly chart

The usd weekly chart is very telling. I have been watching it like a hawk. As the inverse trade against the market, the usd weekly chart looks to be on a buy signal.

The usd weekly chart  stochastics has turned up and also MACD so this shifting does seems significant.

usd weekly chart

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today! 

spx weekend update - spx weekend update and mulling

spx weekend update - spx weekend update and mulling

Over the weekend, I was looking at many charts. AI sentiment still showing us that we are in overbought territory with the S&P 500, however it does not look extreme.

As you can see we are in the sell zone, however on the line chart there is still room for us to wiggle up a bit higher. It looks like for months now the market has been creating a bearish rising wedge, and we must remember sentiment can shift however the first warning shot has not gone off yet, and it is possible we can see higher prices next week. Just a guess.

Our 1500 target has been hit :-) and the market on Friday shot up and is holding for now. The bulls still seem like they are not running out of steam just yet, so we must listen to that for now and forget the crowing roosters out there.

AI Sentiment

Taking a look at the S&P bullish percent, again we are still on a buy situation. We are up at 82.60 but there is no reason we cannot go up a bit more to ***** **VIP MEMBERS ONLY**

As you can see January has been a very good month, and very rewarding to the VIP MEMBERS

spx index

It seems the last few weeks, every man and his dog, and the so called expert pundits have been calling for a top on the market. Then the next week, more bears come out of the woodwork and call for a top again. It has not come yet! Are you starting to see a pattern here. LOL. Although this is not strange behavior, it has been quite entertaining.

Forget the pundits out there. All we need to do is read the charts for now and follow them. That has been working like gangbusters, and they will give us plenty of warning on what to expect and what actions to take next. :-)

Have a great weekend :-)

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today! 

spx weekly chart - spx weekly chart update

spx weekly chart update

Many weeks ago, we did predict the market to go up higher. (est 1500 spx)

For proof.... ==> VIEW THIS POST HERE

We were saying 1500 was coming, and believe it or not, on Friday, we got within 2 pts of that happening. LOL.



You can see below on the AI sentiment that the S&P which is obviously EXTREMELY overbought, is still on the bullish side, or has room to move higher if it wants to!

ai sentiment

Taking a look at the S&P 500 daily chart, we have a 'double confirmation' the bulls are still in charge. 

1) We have an inverted head and shoulders pattern that has formed back in OCT 2012 and we broke out of this early 2013. 

2) We have broken the neckline of the inverted head and shoulders and since early JANUARY 2013 we have been travelling in a nice upwards channel, that has not yet been broken to the downside. 

spx daily chart

Even in December we said not to fall in love with the downside, and that was corrrect. There were many traders caught short in early 2013. 

The summation chart is also another good market breadth indicator that gives us a good analogy on the overall sentiment of the stockmarket and indicies. Even though there are many bears who have been calling a top the last few months, the summation goes against all of these pundits, and has been clearly saying we are still in a BUY THE DIP kind of market. 

summation chart

Yes, I understand that right now, things are overbought, and I do agree with that whole heatedly. Yes eventually the market will top out, However it is important to be patient and trade what we see, and not what we think may happen. We read charts first and trade off of them and leave emotions in the background.



WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today! 

Wild Prediction - Our Wild Prediction Coming True

Back on the 13th Of December 2012 right at this blog I made a very WILD prediction.

I said that the S&P would be going to 1500. SEE PROOF & POST HERE

I posted this when the S&P was at about the 1410 level. 

At the time, I was laughed at, and people sniggered, when I told some of my trading buddies, even they were starting to think I was crazy, and needed to take some medication. LOL.

But here we are today. Just a few weeks later, and we are nearly at my WILD PREDICTIONS target. WOW! You gotta love technical Analysis.

Right now we are at 1490 and only 10 points away from our wild prediction of 1500. WOW!

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today! 

Market Update Jan

The S&P finally broke its bullish flag, and technically ever if we see some profit taking, there could be higher prices coming on the S&P.

This week is OPEX week, so things could get a bit erratic, which is normal.

Here are some stats,


1/14: OE Monday, Dow up 15 of 20
1/18: OE day, Dow down 10 of 14
Jan OE week, Dow down 9 of 14



So could be a bit of a topsy turvy week.

bullish flag?

Interesting enough, the summation on the weekly chart is suggesting higher prices are coming on the market. We are at 735, however there is room to move to the 990's so breadth remains positive.

summation index

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today!