Every new month is a good opportunity to check out some monthly charts and key reversal levels. It helps to keep a proper long term perspective. Let’s start with the LT wave chart for May (click for larger image): The LT wave chart for April did a fairly decent job. The month started strong as… Continue reading What’s in store for May
Tag: TLT
Key reversal levels for week of April 21, 2014
Comments on the key levels for this week : * The Nasdaq and the Nikkei tested their Bottom1 targets last week and bounced back strongly. For the Nikkei we now see weekly MoM turn up, the first major index to do so. This is a tentative sign that the recent “correction” may be over already.… Continue reading Key reversal levels for week of April 21, 2014
Key reversal levels for week of April 7, 2014
Comments on the key levels for this week : * It was an interesting first week of April. One reader was puzzled and asking how our system can be bullish for the S&P 500 and bearish for Nasdaq. But here we are a few weeks later and the Nasdaq is already more than 5% below… Continue reading Key reversal levels for week of April 7, 2014
Key reversal levels for week of March 24, 2014
Comments for this week (the key reversal tables are below) : * Weekly momentum (MoM) is turning down again for the Nasdaq. May have peaked for a while. This is an important signal as the Nasdaq has been one of the strongest markets in the recent months. Wait and see whether MoM can pick up… Continue reading Key reversal levels for week of March 24, 2014
Key reversal levels for March 19
Latest daily key reversal levels: (Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W: weekly mode | %Ch.: blue = profit, orange = loss | for more details about these key… Continue reading Key reversal levels for March 19
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