Category Archives: Technical Analysis

Strong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from the lows of October and it is found -2.15% below yesterday’s closing price. If this attractor is tested, the net loss … Continue reading

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Emerging Markets Drop: Reacting to Lower Oil or a Leading Indicator of Lower Equity Prices?

Correlations do not provide support to the theory that the drop in emerging markets is due to plummeting oil prices. Correlations do not prove causation but can be used to falsify any such claims. In the case of emerging markets … Continue reading

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Wilder’s, Cutler’s and Harris’ Relative Strength Index

Three relative strength indicators are discussed, Wilder’s RSI, Cutler’s RSI and Harris’ RSI. All three indicators are useful under different market conditions. Share

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The Good, the Bad and the Ugly Scenario for S&P 500

There is almost always a good, a bad and an ugly technical analysis scenario. Even if it does not exit, we can always make up one.  In the case of S&P 500 it offers three possible support levels at 0.75%, … Continue reading

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Fear of a Small Correction Replaces Stock Market Greed

The stock market had a down day yesterday and that caused fear to return and take the place of greed. Investors on leverage hope that a consolidation will take place near the all-time highs. If the consolidation level changes towards … Continue reading

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