NYMO +Div

Bottomed?

042912_SPX_ES

spx

ES 60min

ES 60min

SPX update

Spx,ES

spx

spx weekly

NYMO

Spx internal

ES hourly-020612

Weekly Charts: SPX weekly

Short term: long target (-23.6%) from Nov Ret reached. May see Ret again.

Long term: bullish project into May.

SPX closed at HOW, if short at the close Fri. Only 1/10 chance, market will gap higher and never look back. 9/10 chance, market will trade lower at some point. 

Weekly charts: ES 60min

Bullish scenario: ES stopped at 1307, which is 

50% RET from High to pre-High and has a target above 1340. Market most likely will go higher to 1340 before a sizable RET.

Bearish scenario: if Friday's low broken, may go to 1301 and an intermediate RET may be in place.

Weekly Highlighted Charts

1. When market comes out out a major correction and the RSI rises to 70 for the first time, the index has 3/5 chance going into a retreat before rising again.

2. SPX finished the week at the High.  The chance for "open high and go higher next week" is only 1/19 in terms history. Short at the close has high winner rate, but need to be nimble, because market is in a strong up trend.

3. NYMO showed N. divergence (micro), so does NYAD, NYUD and NYHL, an immediate retrecement is expected.

SPX & T2110 etc

SPY, almost there

ES 60min

SPX weekly update

SP500 downgraded France and other 8 Europe nations. The news couldn't smash an already wound market in Friday. Dip-buyers still prevailed at the end of day. If SP500 couldn't bring the market down next week.  this could be bear's another whack in vain just as the Bank downgrade news on Thanksgiving time.