Mexican Bolsa on RED ZONE for my Acc/Dist Fractal Bands! $EWW $EEM
2 Years of nearly FLAT "Swing" mode broke to the south past week!
Total Market ETF had closed week entering the "BearZone" for the 52w Price/Volume Pressure "Vortex" Average.
While testing with different Volatility BAND's within my PRICE/VolumePressure Indicators, it's funny how patterns come to live... Here at Monthly TOP's..! :D
The S&P500 has been bullish from it's 396mEMA since 1943 with both Volume (Buy to Sell Pressure) & Price Percentage Oscillators reaching their median LongTerm high's. I don't say that armagadon will right next to the corner, but this indicators as "Breath" yells a soon to come correction to this "Magik LongTerm Average" IMO. CASH IS KING!
The XX century has a well defined two master cycles: A) The Industrialisation one conformed with 2 subCycles of 26 years (312 months) finished with the consolidation of International organisations at political and economical fields. B) The Consumption Cycle, conformed with 2 apparent subCycles of 33 Years (396 Months), with World Bank policies and FIAT paper money...
Technically, the Gold Futures alone are breathing in from the asphyxiation of an Infra-Infra-world (Long term Bearish Pitchfork). This confirmed by a retouch of the Low Bollinger could expect to bounce for any of the horizontal lines resistance! In other data, the Relative Straight with Crude Oil Futures could say other different story! So, the premise could...
Long Term Resistancw could be founded...? $EWJ seems a little bit exhausted for buying pressure as well! Time Will tell...
Close and LowerLow converges with: 1) TrendLine Support (Green) 2) 0.5% Fibonacci Retracement as Support. 3) Fibonacci Spiral AS SUPPORT!
While the RUSSELL 2000 SmallCaps has broken down its long term 364 continuous bullish days below its 200 dMA, the commodity ratio between this mayor ETF's still is playing choppy on the lower envelope of the 52 week MA! -- WATCHING CAREFULLY !!!
Interesting Price Trend and RSI Monthly correlation! $URA $USU $URRE $UEC :D
Watch out for Mass Media euphoria! We are still under momentum Moving Averages at the Big Picture. Cheers!
Possible 5th bounce in a Row of a Bullish Bottom TrendLine of a Pennant. #Tappering #FED #StockINFLATION
1) Low Risk breakout near price of MA(240) days. 2) Short Term Price channel defined by 6.80 continuous support level (Red Line) and second channel defined by Dotted Resistance Green Line with Dotted support RED Line. 3) Forecast convergence of points 1 and 2 Near 7.85 (Under 8)