Update on crude oil target to 38% fibo retracement

Crude oil target printed You may recall last November 3th blog post calling for a projected target for crude oil to 38% fibo retracement at around 70USD. Well, we have almost printed that target (1USD off). It looks like we now have reached a top and that we could soon revert the trend. The following charts Read more about Update on crude oil target to 38% fibo retracement[…]

This is it, market is due for significant correction – #SPX

This is it, market is due for significant correction – #SPX

Demark sell signals on several time frames (sequential and combo) combined with the pattern of 13 higher closing bars on both monthly and weekly chart (ATH’s) suggest that US markets are due for significant correction.
The time for buying the dips (BTD) is over… ;o
Trade well.

SP500daytrader

SPX Weekly chart

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MONTHLY SPX CHART SHOWING EXHAUSTION SIGNS

MONTHLY SPX CHART SHOWING EXHAUSTION SIGNS Earlier sell signals on daily and weekly time frames has not triggered the expected sell signals. This should not surprise much as we have been aware of the monthly sell setup that now is coming to completion. Monthly SPX chart is showing exhastion signs. In my earlier analysis I expected Read more about MONTHLY SPX CHART SHOWING EXHAUSTION SIGNS[…]

Trend Exhaustion for US markets

S&P500 Significant US markets exhaustion signals has been witnessed during trading on Friday, November the 3th. TD sell signals suggesting, market exhaustion. The signal are in addition to that alredy posted here regarding the weekly chart  which ended the week completing a TD sequential sell. The S&P500 daily chart printed a TD Combo 13 sell on Read more about Trend Exhaustion for US markets[…]

TD Combo sell signal completed on daily $SPX chart

TD Combo sell signal (no. 13) has completed on daily S&P500 chart. TD-Combo signals a clear sign of an exhausted bull market anticipating that a market correction is imminent… The S&P500 and the rest of US markets may consolidate a couple of day or so around current levels waiting for a catalyst that could trigger Read more about TD Combo sell signal completed on daily $SPX chart[…]

TD Combo sell signal completed on daily $SPX chart

TD Combo sell signal completed TD-Combo 13 sell signal completed on daily S&P500 chart. This is a clear signal of an exhausted bull market signaling a correction is imminent… We may consolidate a couple of day or so around this level (2557) waiting for an exuse for sell-off. Trade well… 😏  

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