Jim_MM

Jim_MM

Rounding top on the daily + divergences with main oscillators

Jim_MM

Dax clearly failed on its cylinder resistance and retraced heavily crossing the cylinder mid-line. Last rebound is weak and created a wedge. Failure out of the wedge will mean a retest of the latest low (9440) followed by further downside to 8900

Jim_MM

Potential HS pattern on crude. Nice bounce (almost 38.2) once low 35 after 9 straight down days. Target 31/32

Jim_MM Updated 

VIX has been hammered in the last 7 weeks and is trading too low for the global environment. It is technically hard to chart but a spike to 25 is highly possible within the next 2 months. Anyway, can't hurt going long so low

Jim_MM Updated 

Clean breakout above its cylinder resistance (2013/2015 blue resistance) beginning of 2015 to reach its ATH in April 2015. Ever since the market has been declining underneath a new cylinder resistance. The daily trend argues for a retest of the low 9000s which would correspond to the pink long term cylinder support (2000/2016 support). 8800/9000 zone is critical...

Jim_MM Updated 

200 MA-kiss + rounding top => looking for a completion of topping pattern, maybe via HS. Target at least 50% FIb of 26/42 move, eg 32

Jim_MM

rounding top formation since end 2014. It appears the next leg down to 1800 might have started. Final target could be low 1500 (bottom of the orange cylinder) by mid/end 2017 after another potential rebound of 1800.

Jim_MM

Feels like another big rounding top on the SP500. Has to stay sub 2080/2100 to validate the scenario. Target 1800 first, could go to the bottom of the bigger cycle around 1500.

Jim_MM

Dax looking toppy; unable to break above 10120/10150 zone/

Jim_MM

200 MA kiss + breaking central pitchfork and daily channel. Looking for a HS topping pattern, target low 30s