Thread: Chart Analysis

Still not feeling it, today was a perfect seasonal play coming off of the holidays. Still need to confirm the move up and above the 200 SMA and other trend lines. We are at a major point here. IMO we will break hard one way or the other because of the 200 SMA being tested numerous time. It won't give it up but if it does be ready. The dollar is tied to it all, a break of the 20 dma will help equities across the board, C, S and I. If it holds support we could see a drive down.

At the very least this is going to be fun to watch and we have solar flare coming and another kind of light show tonight.

S&P touched the upper Bollinger Band and retreated.

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S fund shows nothing remarkable but it could break out.

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USD continues to respect the 20 day moving average.

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German DAX has violated the upper Bollinger Band and that will be corrected.

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United Kingdom has seriously violated the upper Bollinger Band and broke through the 200 SMA. The Bollinger will get corrected and we need conformation on the 200 SMA.

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Conformation today?

Originally Posted by Show-me

Conformation today?

NOT!

EXACTAMENTY!

You must respect the bollinger bands!!!

USD rallies because...................the EURO SUCKS more than the dollar. This could screw it up for eqities.

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A hanging cross just like last October. We need a higher high.

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S fund............nada.

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You must respect the bollinger bands!!!

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You must respect the bollinger bands!!!

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Show-Me -

I'm digging the charts. Thanks! I don't usually take the time to look at the DAX, W4500, USD, etc. I probably should. I pretty much focus on the S&P. What I see there that has me longer-term bullish is that we've closed above the 200 day SMA for 6 of the last 7 trading sessions. From October through now, the 200 SMA has been resistance - punch through it once, then back down the next day. Now I see it setting up as support. That's what I'm hoping anyway. Now that I've written it, look out below. Always my luck.

I'm feeling the love! The $INDU and $TRAN are showing some love too, they are above the 200 sma and making higher highs. We got a partial conformation on the $SPX but I would like to see 1284.59 for a close before I dive all in. $EMW is showing a little love too but I would like to see it make a run through the 200 sma and its Oct. closing high. The USD showed serous strength today, or was that the EURO showed serious weakness? They got problems.


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Something is going to POP! UUP and $USD both violated the upper bollinger band. Cool, I would like to see the dollar fall allowing equities to rally. FTSE has had a short consolidation without violating the 200 sma and that could allow it to push high especially if it is in tandem with a pull back on the dollar. DAX is not showing much conviction the last three days. Germany is pi$$ed because they realized they have a first class ticket on the Titanic. LOL

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We are trending up and so far maintaining. The EMW is the only one that worries me a bit, 200 sma is the line in the sand.


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