Tag Archives: MEI indicator

Shanghai Stock Exchange Composite Index Hit Strong Resistance

After a 4.2% rally yesterday the Shanghai Composite Index came close to strong resistance and is retreating today. If resistance is broken to the upside we could see a substantial rise in the next few months.

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ETF Technical Analysis – Week of October 10, 2011

As of the close of Friday, October 7, 2011, there is a change in the short-term trend of all tracked ETFs in relation to the close of the previous week. The usual market mode was observed where stock index ETFs, … Continue reading

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QQQ Gap Filled. What’s next?

In my last post I talked about the QQQ gap at the open of Tuesday, July 18, 2011, and that it was very possible that it will be filled, triggering at the same time a broader market correction. The market demonstrated a … Continue reading

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Is the Gap in QQQ From a Week Ago Significant?

There is a gap in the daily QQQ chart left behind five days ago, at the open of Tuesday, July 18, 2011. The open price was $58.09 and never moved lower. As a result the low of the day was … Continue reading

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SLV Near Crucial Support Levels

SLV, the silver ETF, is approaching crucial support levels. After breaking the up-trendline T1, it is now close to testing the low of last month at the $32 level. If this support level fails, SLV will be faced with the … Continue reading

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S&P 500 Index – Are We Close to a Trend Reversal?

From a high reading of 1370 on 05/02/2011, the S&P 500 Index closed at 1316 yesterday, which amounts to a 3.94% drop in less than a month and that was enough to make some people wonder if this is the beginning of a … Continue reading

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