Overall there has not been much change in the market from yesterday. Sideways consolidation continues; positive pressure remains; bias continues to be more lift once the consolidation finishes. Some discussion around the current pattern setting up for upcoming macro events – expecting movement from the market to coincide with events. Chart from today below: 240 […]
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Dec 12
240 Overall we continue to see a sideways movement from the market. Positive pressure continues and we are expecting a lift out of the consolidation. Pullback to the lower UBB’s and green channel support would be expected if the market finds resistance and drops back below the ma’s. DAILY Current consolidation has remained within the […]
Dec 7th
240 1025am Market continues sideways consolidation, which is starting to look like a wedge pattern. Break from pattern offers opportunities. Lower targets could still be reached and another bounce could occur as we have seen previsouly – watch ma’s and significant technicals if we see more of a pull back from here. Daily Sideways at […]
240 930am Consolidation continues. Strength also continues and at this point a continuation of the larger trend is expected once the consolidation has ended. Pull back to green channel s/r, then the 34ma, as well as the blue and purple Fib retracements are possible – watching for break of current lows in consolidation. DAILY Red […]
Dec 5th
240 915am Market consolidated through Friday as anticipated. Sunday night sees a big see off and bounce, and by Monday morning it has lifted to new recent highs and the next Fib extension levels. Although the sell off and bounce resulted in an extreme move, we can see the market found support at significant technical […]
CYCLES – ANTI-GLOBALIZATION & THE END OF THE DEBT SUPER CYCLE
CYCLES – ANTI-GLOBALIZATION & THE END OF THE DEBT SUPER CYCLE Gordon T Long – 12-03-16 All the well followed economic cycles such as Martin Armstrong’s “Economic Confidence Model”, Harry Dent’s 39 Year Generational Cycle – 35 Year Geo-Political Cycle – 10 Year Boom-Bust Cycle or the Kondratieff Cycle all point down through early 2020. […]
Dec 1st
240 1020am Market continued to lift – consolidation occured around the next blue Fib level, and then a lift to the purple Fib lvl and the underside of the green daily s/r zone. Strength continues and we are watching for a repeat of the same pattern where the market lifts to the next Fib level […]
Nov 30th
240 9:30am A slight pause and sideways consolidation at the long term weekly blue dash s/r, and then the market broke up to the next blue Fib extension level, where we can see it once again pausing – we are now watching to see the reaction here, how much pull back. IF the market pulls […]
Nov 29
240 1050am Pull-back off significant resistances – support found from the 34ma. Consolidation at weekly s/r’s expected, now watching to see how it develops Note Fib levels are still being respected. DAILY Consolidation occurring at weekly s/r’s. Movement remains within green channel at this time. Positive pressure continues. WEEKLY Significant s/r’s highlighted in red. […]
Nov 28
240 1045am Significant long term resistance has held and a consolidation / pullback has started. 34ma and green channel support, as well as the next blue Fib level are next to watch for support. Yellow and red trend lines could also provide support. Breaking down from green channel would be the first warning that more […]