Thứ Sáu, 15 tháng 6, 2012

Elliott Wave Update ~ 14 June 2012

Thursday, June 14, 2012


Breakout?



The market seems like it can possibly break out of its range as soon as tomorrow after today's action in the last hour. But obviously, nothing is firm until 1335 is taking out decisively. The excuse for a break out would probably be the increased possibility of more Quantitative Easing so any more data that suggest weakness in the economy will actually be good for the markets. I know a lot of people complain about the central banks intervening in the markets but as long as they keep assets nominally elevated, then numbers look good to most people. And that is the main reason we will never see any catastrophic crashes in the market like the so called "Primary 3" per some Elliott Wave practitioners.

The trend average has now risen to 1311 and the the prospect of the 1292-1298 area being re-visited seems less likely now.

 http://elliotwavetrader1.blogspot.com/,



Thursday, June 14, 2012



S&P 500 ~ Elliott Wave Count ~ 14 June 2012

1326ish was finally breached late in the day, thus the bullish count is now much more likely than the bearish one:


The next resistance is around 1335 which is also the neckline of an inverse H&S. If 1335ish is breached, the next target is 1360-65.

S&P 500 ~ Intraday Update ~ 14 June 2012

What a rollercoaster ride during the past few days:


We're back near the resistance around 1326. Let's see if we can breach it today.
http://www.wavaholic.com/

Thursday, June 14, 2012


Elliott Wave Update ~ 14 June 2012

Outlook hasn't changed.



S&P 500 Analysis after closing bell


  • Weekly chart shows a Successful breakout above 1335 could target the middle bollinger band.
  • Daily chart shows potential resistance at 50 Day SMA on an up move.
  • Hour chart shows price closing near the neck line of an Inverted Head and shoul
http://niftychartsandpatterns.blogspot.com/2012/06/s-500-analysis-after-closing-bell_15.html, 

Thursday, June 14, 2012

 

Không có nhận xét nào:

Đăng nhận xét