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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Wednesday, May 14, 2014

SP-500 What I'm Watching


Seeing the other indices (Nasdaq and Russell) still below their highs and still weak has me focusing on this count in the SP-500. Nasdaq and Russell are similar although their structures are a bit different and their retraces much weaker.

Yields continue to fall and it's only a matter of time until risk off follows. USD/JPY should continue to decline, bonds should move higher and gold should also move higher.

2 comments:

  1. Hi Jim

    In your previous S&P post with the Fibonacci fan, I commented on using the fan on descending triangles... Here's an example. . . . http://up-ur-assets.blogspot.com/2014/05/new-shortgbpjpy.html

    Herm

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  2. Nice Herm, thanks for the chart. Like the blog name!

    ReplyDelete