Category Archives: Forecasts

It’s All About The Central Bank

When the Fed pivoted its easy money policy on January 4th earlier this year, the extremely oversold market responded with vengeance! The market participants have since pushed the market over the limit by triggering the fear of mission out motions.  The selloff occurred during the first week of March was promptly

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A Minor Pull Back Before The Real Correction

Over the last weekend, it had real good news on trade war. The market gaped higher right into the 2815 resistance zone at open on Monday, but it was promptly sold off from open.  It had a footprint of synchronized selling (machine selling) during last Monday (03/04/2019) morning session, that S&P 500 lost 40 points in the morning session.

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S&P 500 Cash Index Cycle Location 03/01/2019

pricentime

The S&P 500 index has finished the 2nd daily cycle on 02/27/2019.  Now it is marching into the 3rd day in the 3rd daily cycle, which means it is entering the beta cycle phase in the weekly cycle.  The market looked straight up in the untrained eyes because of the low volatility, but the cycles are functioning as they have always been.

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S&P Cash Index Cycle Location 02/08/2019

Finally the index went points close to the 200-day moving average, but it had a very mild reaction, there is no forceful selling, period.  The mood of the streets is “under invested”, meaning the majority missed the bulk of the rally, either the longs got out too soon, or the bears shorted too soon.

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The DOW Index Cycle Location 02/01/2019

The DOW finished last Friday in a weak position in terms of the intraday structure.  It was not able to close above the previous day’s high, which is also last month’s high.  But it was able to close above the 200-day moving average and as well as the downtrend line that was established from the October selloff.

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