A PART OF NY » Futures

Fib Fans of S&P 500 suggest a volatile week

admin — Mon, 15 Feb 2010 15:51:37 +0000

Looking at the SPY over a longterm with Fib Fans. You will notice both the devestating effect of breaking through a Fib Fan Line and also the confusion whilst at the line. The recent ups and downs of the market can be explained by this preparation to break through a major level of support (or a huge bounce if it cannot break through).

SPY Arithmetic Scale

Chart 2: This char is the same, however I have used log scale. In this chart we have already gone through support and have been retesting the now resistant trend line.

SPY Log Scale

You can see the retesting in more detail when we zoom into the intra-day activity.

SPY Log Scale Recent

Also look at the Fib Lines, from the March low on the S&P Futures. This should be a make or break week.

SP Futures Arithmetic Scale

S&P Futures Bear Channel

admin — Fri, 05 Feb 2010 22:10:03 +0000

First the two year chart..

ES_F

As you can see we entered the Bear Channel, and then finished resting on top of it. A more detailed lok at the day, where you can see the prices dancing around the trend line is here..

ES_F

Lets see what happens on Mutual Fund Tuesday.

S&P 500 Futures – Return of the Bears?

admin — Fri, 05 Feb 2010 13:21:45 +0000

Okay lets look at 2 charts. First the daily ES over the past 3 years:

S&P Futures

Then the last 20 days:

S&P

We are now sitting on top of the bear channel. Should we succesfully close in the channel then look out below. The bulls (NY Fed) probably will fight such a move though, so be prepared for some kind of bounce.

A Quick look at the S&P Futures

admin — Thu, 04 Feb 2010 14:10:02 +0000

Chart..

SP500 Futures

Key price levels shown above. Should we drop below the Friday lows, the we should be in a confirmed wave 3. I tend to use an average of moving averages (which) is the dotted line. It should keep any rallies in check, however a break above it could cause a rise to 1100ish.