2 bearish ABCD patterns , looks like the market wants to complete them
The bearish ABCD is still in tact and it looks like the market wants to complete it
Lets see if the flag holds
Gold within support and resistance zones. Gold is weak in the context of the Greek and geopolitical turmoil.
SPX holding into minor support area. I see an ABCD pattern that would take the index right into the support area. But all is holding for now as US markets show good resilience
2 ABCD patterns not completed, we are hanging between support and resistance zones. If the ABCD's dont get completed and we move into the resistance area it would be a sign of strength.
CAC40 still into support area with new ABCD in the making
Gapped into support rough week coming up think we will need to adjust somewhat lower b4 BTFD...
In a recent article featured in our twice monthly McClellan Market Report newsletter, we featured the chart shown this week. It was inspired by some work done recently by famed technical analyst Peter Eliades, who has been a newsletter writer for many years and is the proprietor of www.stockmarketcycles.com. The basic point is that a period of 150 months (12.5...
Oil price move = Euro move about 3 weeks later...so based on that EURUSD should see weakness in the week of the 18th ...these are the levels I look at