The Dow had another bullish week that has started with weakness, reaction down and a remarkable reversal up, closing with a new all time High. The Weekly bar closed as a bullish Pinbar on sloping 8 EMA, a powerful bullish signal once its High is taken out to reach the same amplitude of the bar. Read More
After the strong recovery by the end of the previous week, there came a bullish week that took out the Monthly High. The market is currently in a bullish setup made by a Follow Through model, and the target is the area level of 21550. Since Friday was an inside bar that didn’t manage to Read More
The passing week was the most volatile week lately, mainly thanks to the last Wednesday, as prices declined sharply towards strong support, where the last thrust down took place at last Thursday just to close the open gap below completely and to reverse back inside the previous range. The Weekly bar printed finally a sort Read More
The passing week has extended the consolidation range, starting exactly at the High of 3 weeks ago at 21010, extending to the down side, a bearish week -but closing above important moving averages like the Daily 50 SMA and the Weekly 8 EMA. The same bullish setup as mentioned in the passing week is still Read More
The passing trading week was basically a consolidation week, extending its own range to the upside and the downside in a Megaphone pattern manner. Finally the Weekly bar closed as an inside bar. Taking out the Monthly High at 21010 is a bullish trigger to reach the level of 21250, at the Weekly upper Bollinger Read More
The news from France changed the atmosphere , and the crawling consolidation down we had for the last one and a half months has changed into a volatile price action with a gap up. All the bearish setups that were in play got stopped out, and this is exactly the issue with bucking a strong trend Read More
Over the passing week, the market has continued its shallow correction. The price action was pretty much the same as the previous weeks. Currently the Dow is the weakest index among the main US indices. The important indication is the Monthly Low being taken out, but we should remember that it came after 5 consecutive Read More
On the lower timeframes, The Dow looks weaker than the S&P and the Nasdaq. As mentioned in past reviews, the reason may be that the most of the major targets have already been achieved. Currently there are two major targets remaining for a bullish setup, both currently are quite far: The target of the year Read More
The passing week printed a HH HL Weekly bar that though didn’t close on its High, still closed above the 8 EMA short term sentiment line. This is a clear sign of strength. The Daily Swing price action was mostly sideways action, caring to close each bar above the Daily 50 SMA, another sign of Read More
After the previous bearish week, the last week of March and the 1st Quarter of 2017 was rather bullish, ending as a bullish Weekly Pinbar. Important to notice that in this case it is not on a sloping 8 EMA, the 8 EMA short term sentiment line is currently rather horizontal. The Monthly bar showed Read More
