Stock Market: Big Sell-Off Looming!By: Brad Gudgeon | Sat, May 2, 2015SharePrintEmailLast time I wrote, I was expecting the stock market to fill the gap left on the SPX near 2081-82 by Friday last week. That was accomplished on Thursday when the SPX fell to 2077. What I saw on my indicators showed more a lack of buying than true […]
We are now in the second term of President Obama’s term in office. While the Presidential Cycle Pattern shows similarities among all presidential terms in the stock market’s behavior, it is poorly appreciated how the 2nd term is often different from the first in its character.The lead chart this week compares the current behavior of the SP500 to an average […]
A:Technical analysts and traders use the term “continuation pattern” to describe seemingly random price movements that can be interpreted to mean a current larger trend is likely to continue. They are useful for any trading instrument, including forex and stock patterns, that can be plotted on a price chart. There are a few major types of continuation patterns, flags, triangles […]
The Nasdaq-100 (INDEXNASDAQ:NDX) continues to build out a medium-term Head & Shoulders Top pattern that began developing during December 2013′s Santa Claus rally. Aside from noting the dark irony of how that stupefyingly bullish phenomenon has been appropriated by a much larger bearish pattern, know from the start the H&S Top remains a potential pattern only, albeit with a clean […]
The Nasdaq-100 (INDEXNASDAQ:NDX) continues to build out a medium-term Head & Shoulders Top pattern that began developing during December 2013′s Santa Claus rally. Aside from noting the dark irony of how that stupefyingly bullish phenomenon has been appropriated by a much larger bearish pattern, know from the start the H&S Top remains a potential pattern only, albeit with a clean […]
John Hussman(chart and background h/t Claasen Research, James Goode, Thomas Bulkowski)Among the more unusual stock market chart patterns is the “three peaks and a domed house.”
Observed by a technician named George Lindsay, the formation includes 28 inflection points that basically look like three peaks and a domed house.Not too many people take the pattern too seriously. But some chart watchers […]
