Author: Gil Ecker

20 weeks after the US elections, a big bearish Weekly bar was seen for the first time. Like the S&P Futures, the Dow Futures have made an Upthrust (false thrust up followed by a reversal to the other direction) last Tuesday, revealing  weakness. The current correction is seen on the Daily chart as an AB=CD Read More

The passing week ended as a small range Weekly bar, closing at the middle. The importance of this bar is the thrust sown made below the Weekly Low (the previous Weekly bar was an inside bar). The fact that the price took out the Weekly Low brings much more validity in case the new Weekly Read More

The sequence of six consecutive bullish Weekly bars has ended with a small bearish bar, but still an inside Weekly bar. Most of the price action throughout the passing week was held in relatively tiny Daily bars, in the shadow of the big Marabuzo Daily bar that printer on the 1st day of the month. Read More

The passing week was a typical week of this massive rally. On the Weekly timeframe the price action doesn’t seem to be stretched up, but on the Monthly timeframe it is. This is the 5th consecutive month to penetrate deeply the upper Bollinger band, very rare for this timeframe, and reveal the strength the market Read More

The Dow continues to climb, achieving every possible target it had set on all major timeframes. On the passing week, we’ve reached the target of the Semiannual bullish pinbar (of the first half of 2016), at 20800. The interesting part is that every reaction is rapidly ended with a new sign of strength, like the Read More

Another bullish week has passed. A very strong thrust up that caused the reaction on last Thursday and Friday to stay as inside bars and to close on the highs, a very bullish picture. Every near target mentioned in the past review was accomplished rapidly with out any important reaction, a very tensed price action Read More

A bullish week has passed achieving the target of the Weekly election’s week Spring bar at 20230. The open gap above mentioned here last week was closed right on last Monday, and taking out this reaction’s High (the High of Monday) was a good bullish signal for the rest of the week. Currently the market Read More

The passing week ended eventually as a bullish pinbar on sloping Weekly 8 EMA, also an inside Weekly bar. The market has started the passing week with a gap down, and spent most of the time at the lower level of the Daily range, finally with the NFP news, rallied back up, but hasn’t managed Read More

The last six week range has finally been resolved with a Spring (false thrust down turned into bullish break out). As suggested in the last review, taking out the previous Friday’s High within the first two days of the week should create a new all time High, which it did. The previous week ended as Read More

The passing week has been the 6th consecutive narrow range week, consolidating on the Highs. The current price action reveals that the decision for the next move might be very closed: Taking out the Weekly Low might cause the market to decline to the 19400 area. Since this is the first setup in a counter Read More