Stock Market at the PrecipiceStock-Markets / Stock Markets 2014Aug 13, 2014 – 05:32 PM GMTBy: Anthony_CherniawskiGood Afternoon!SPX appears to be wrapping up its retracement at the 50% Fibonacci level. This is an irregular Wave 2 in the form of an expanding diagonal. Normally we see prices go to the mid-Cycle resistance, but the SPX does not appear as if it […]
Stock Market Breaks Head & Shoulders Neckline Stock-Markets / Stock Markets 2014Mar 27, 2014 – 03:09 PM GMTBy: Anthony_Cherniawski
I had thought that there would be another retest of the Broadening Wedge before the SPX resumes its decline. However, the decline has now extended beneath the hourly Cycle Bottom at 1844.15. Since then it has bounced […]
Stock Market SPX Nearing a Sell SignalStock-Markets / Stock Markets 2014Mar 19, 2014 – 10:08 AM GMTBy: Anthony_Cherniawski
SPX completed a 77.7% retracement of its initial decline in exactly 12.9 hours today. The A-B-C appears to be complete. Today’s experience is a “déjà vu all over again” of Putin’s first press conference. We know how […]
