Tag Archives: bearish wedge

SP500 Market Timing: The Ice Has been Broken

Sometimes breaking the ice is a good thing. This is not one of those times! The SP500 has finally broken the ice located at the breakout point of 1302.67, but is only about 3 points below that at 10:48 am … Continue reading

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SP500 Index: Not enough! The Wedge is Back in Play

The SP500 has reaffirmed the prior wedge break market timing signal assuming that the failed breakout holds into the close today. Can the market just saunter back up in the face of retail disappointment (Ford and Amazon) and the Egypt … Continue reading

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The SP500 Index is at a Decision Point

I wrote in my current FREE SP500Tracker™ newsletter that the SP500 has not yet resolved the upward wedge market timing SELL signal either way. The “lid” is at 1246.73 and the bottom through which trouble would lurk is at 1227.08. … Continue reading

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