< !DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> "If You Knew When and Where Market Tops & Bottoms Were Going To Occur, You Could Make a Fortune!"
After a spectacular rally from the lows seen last month, the S&P appears to be running into overhead resistance. Is this the pause that refreshes, or is this the pause that reverses the market back towards the lows?
Over the past 2 years, i’ve been posting S&P 500 forecasts anytime there is a major change in direction coming. I’ve noticed since mid 2008, I get about 3 times more traffic on down days for the search term S&P 500 forecast.
Market Commentary: Today the bears attempted a coup de grace on the bulls… and succeeded with stunning ease. Several critical areas of support were broken, and volume, momentum, trend strength, and trend quality indicators either turned bearish today, or very recently.
With last friday’s huge turnaround combined with todays strong 6.5% move, an excellent opportunity to open some new short trades is forming. The patterns for September and November are looking quite similar: 3 weeks of strong downard movement followed by a relief rally. In October that rally lasted for about 3 weeks before losing 100% of [...]
