:: actio-et-reactio ::
amg's market charts and blather
Could chop around this zone between the grey and green bisects. The grey bisect showed potential to 1181-1190, but the recent inability to break through the 1160 resistance is troubling. As indicated, such failures to reach the upper fork are often indications of weakness. On the other hand, the longer trend is still up, so the bulls may yet throw another party. A decisive break of the Green bisect targets a bounce at 1140, which if broken targets 1130-1125.
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Daily says still a reaction within the larger up trend. The bar through the centerline is bullish.
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Next few days, the SPX 65m structure is slightly stronger than the ES, and has similar overhead resistance to push through. The bullish bisects on both are still in play and both show oscillators willing to stay strong a bit longer. This is a 45m ES.
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Daily as of today, uses same longer-term lines off the weekly:
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The larger context (pretty much same as charts updated regularly at my stockcharts.com list, but using Ensign Software):
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83m is 5 bars/day
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Cats clutched(*), Punxsutawney Phil spooked...any other species care to chime in?
Sticking with forks, geometry, and divergences...
(*) Cats=Carolina Panthers, who in the "SuperBowl indicator" system project a bearish year. Phil is the Groundhog, who alas, saw his shadow and thus projects 6 more weeks of winter.
|
moon phases |
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
blather: nonsensical talk.
At times my analysis log, at times sharing what I've learned. Always my own work and views.
Content: amg
Basis: glish & bluerobot
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