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No case speaking more for bears nor bulls that I could find. Since 1315 was broken yesterday, I state SPX bearish below 1320 for now. Targets for today; low: 1295 , high: 1331 SPX 1h chart

Well, SPX 1315 level was taken out. Not that volatile intraday though, market seems spooked about Spain etc. Not sure about tomorrow yet. Better update coming if I can find any clues about [...]

SPX managed to close near yesterday resistance which I see as a sign of some strength. We could however expect some weakness today and IF the pullback today is weak and non-volatile (not below [...]

SPX suggest a gap up open today. Resistance for today ~1335 and support ~1315. SPX 4h chart

SPX closed the week with a 22.6 points gain (+1.74%). Friday trading action was quite interesting since SPX was close to begin a new bearish cycle but bulls stepped in the last ~2h. Price action; [...]

As stated yesterday, the close was indeed strong. No matter how much lipstick you put on a pig, it is still a pig at the end of the day. The same goes for the chart below, it is still ugly. [...]

A fast update now since I’ll be on a trip tomorrow. We had a volatile intraday today with a strong close. SPY is at short term resistance but since the close was that strong, expect more on [...]

Market pretty much did as expected yesterday; first gaining to 1330-ish and then sold off to ~1310. The last ~20min was though really interesting yesterday, the rebound from ~1310 to ~1320. My [...]

The rebound yesterday was strong. We may see more on the upside but right now it seems that this rebound will not hold (another bottom test perhaps?). Below SPY 15min chart, as you can see this [...]

I updated the SPX cycle here. The recent pullback is now 19 days old when on average a pullback has lasted 24 days since the last bull rally that started 2009. An average pullback from last high [...]