Thursday, April 5, 2012

Interesting Developments!!!

Based on the stock market structural developments, it seems like we have already topped.

We will try to compile a special report dealing with the following topics to comprehensively analyze the market structure. We will be looking at the wave structure and potential support/resistance levels.

1- SP500: Weekly chart analysis
2- SP500: Daily Chart
3- SP500: Hourly chart
4- SP500: 15 min
5- Global equity proxy: Weekly analysis
6- Global equity proxy: Daily analysis

Finally, since recent IPM Turn dates were: March 27 (+4, -2 days), April 5 (-2, +4 days); we could have already topped.

Furthermore, Euro would complete the 8/4 test to the downside if it declines below 1.3. This would indicate that the market has topped.

No comments:

Post a Comment

I would love to hear from you! Please leave your comment below!!