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Technical Commentary on US Equities

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Tag: MajorIndex

Commentary

Invalidated Head and Shoulders

June 6, 2019 Josef Friedman

Retaking the 2800 neckline area invalidates the H&S pattern and makes turns the outlook quite bullish.

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Commentary

E-Mini Equity Index Debacle

June 1, 2019 Josef Friedman

Further instability likely. ES 2650 area definitely in play. RTY close to 39 month moving average. Elevated fear in market.

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Commentary

39 Month Review

May 29, 2019 Josef Friedman

Current action is revolving around how much of the monthly February and January candles will be chewed up in this decline.

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Commentary

The Big Picture

May 27, 2019 Josef Friedman

Monthly $SPX suggests 2510 as the normal worst case scenario. A move down to mid 2700s more likely to happen before a serious attempt to make new highs.

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Commentary

Holding Unsteady

May 24, 2019 Josef Friedman

Prices are holding above last week's low and long term moving averages. The recent weakness isn't as serious as that of Spring and Fall of 2018.

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Commentary

Technical Issues

May 22, 2019May 22, 2019 Josef Friedman

Markets appear to settling into a trading range. Further weakness is probable but not likely to be very alarming.

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Commentary

Stabilization

May 16, 2019 Josef Friedman

Monday loss was major buy opportunity. State change improved today. Linear regression slope strategy had buy signal today.

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Commentary

The Calm Waters of 2800

May 13, 2019 Josef Friedman

Increased volatility down here, 52 week moving average threatened. Into area of October through December 2018 tops.

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Commentary

Mission Accomplished – Finding a Reentry Point

May 10, 2019 Josef Friedman

The initial selling bout has almost run it's course, usually blue sequences don't last more than 8 consecutive candles. The last week and a half has given us a crash course on not buying dubious candles, and how good the market is putting lipstick on pigs . Days where closes are lower than the open are usually not good buy points.

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Commentary

Market Summary – May 7

May 7, 2019May 7, 2019 Josef Friedman

Current weakness may be contained but real test will see if a new high can be made soon. Weakness today makes Friday and Monday action seem more like a blowoff than an indication of strong underlying demand.

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