Author: Gil Ecker

The Dow has started year 2017 with a Weekly bullish reversal. On the Monthly timeframe, the price action is very tensed upwards, penetrating considerably the upper Bollinger band. Pay attention though that the Weekly reversal up took place relatively far above the 8 EMA, meaning that it is very tensed and extreme right now. Sometimes Read More

The market closed the year with a minor retracement week. It was the first week for the past 8 weeks not to penetrate nor touch the Weekly upper Bollinger band. While on the Weekly and Monthly timeframes, everything looks very bullish, the important distinction is on the Quarterly and Semiannual timeframes. Eventually, the thrust of Read More

Another narrow range Weekly bar was printed, with consolidation and shortening of the thrust. Yet, a new all time High. Still it is a clear strong bullish momentum, and this is the 7th consecutive week to penetrate the upper Weekly Bollinger band. The market is approaching the upper Bollinger band on the Quarterly and the Semiannual Read More

After reaching the post election Daily pinbar’s target, at 19760 right on last Monday, the market consolidated for the rest of the passing week above that target. It was the 6th consecutive week to penetrate the upper Weekly Bollinger band revealing a strong bullish momentum and since the passing week closed outside the upper band, Read More

Last review I mentioned that an important target of 19200 has been achieved, and that might bring some considerable covering at list on the Daily, especially when a shortening of the thrust while not touching the upper Bollinger band was seen clearly. But the stock markets over the passing week had their own agenda, and the Dow Read More

The Month of November has finally printed a strong bullish bar, engulfing pattern and a pinbar shape on sloping 8 EMA, penetrating deeply the upper Monthly Bollinger band, a very bullish picture for the mid term. However, for that important formation to develop, a thrust up above the High is needed to be set in Read More

After a narrow range week, the market renewed the thrust up, printing a strong bullish week with no Daily exception. Interestingly, the market skipped the important resistance above is the 19080-19100 level area, (19087 is the 161.8% extension of the bearish market of 2007-2009, but we are currently still in that area, and of course Read More

A very quite, relatively narrow range week has passed. Mostly sideways action and a clear shortening of the thrust on the Weekly chart. However, the Weekly bars are stick to the upper Bollinger band, penetrating it considerably, and the price stays on the Highs. The Dow lately is one of the strongest stock indices. In Read More

Finally, not only for Wednesday the day after the elections, the whole passing week was very surprising. The Dow, maybe only except for the Russel, was the “star” among all other main indexes, setting a new all time High by the end of the week. The week has started with a gap up, and a Read More

The passing week changed the balance kept since the volatile moves at the beginning of September, and took out the Monthly Low at 17822. This is a bearish signal to reach the down trend line taken out of the two last major Highs prior to the last bullish wave (see chart). However, This setup is Read More