YaKa

YaKa

The correction should last until September 2016 and should reach the 1730 area with a sharp intermdediary rebound. The last move below 1820 will be perceived like the end of the worl technically because below 2009/2011 support. That last bear trap could be key entry into a 18months rally into 2018.

YaKa

The volatilty is not over. Locally 1930 may retain. This year 200 is likely to retain. This year 1780/1700 is declining buy zone. >>> a bear trap below 2009/2011 linear support would be kind of academic imperfection bear trap.

YaKa

Some of you asked - Voila - this is what i think right now.

YaKa

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YaKa

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YaKa

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YaKa

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YaKa

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YaKa

The red line on this chart is very important and has been supporting the market from 1990 to 2008. It took the collapse of Lehman and the ISM confirmation to establish below. Last monday the market stopped exactly on it and this is probably not a coincidence. Note: no monthly close below 1960 since Aug14. I think the range is defined until year end.. 2016:...

YaKa

If SPX can climb 80pts in the next few days to 2060: short and buy back around 1960 If SPX manages to reach 2160 end of November - Short for a potential great trade. It is unclear yet if we are going to have bottom volatility or if the ambiant energy is going to be used to go higher. Both are possible.

YaKa

I am not sure it will get to the circle.. It would be great if that could occur over 8 weeks. In sync with spx at 2160 it would be a perfect short..

YaKa

This is highly volatile and you dont need to invest much to make a killing.. I suggest a 5/10% exposure which is manageable in risk and sitll could provide a significant return.

YaKa

1966 is key pivot: - As long as closes occur above 1966, the bull structure is intact. - The next 4% upward are challenging but after it could follow the path described in the chart. - 2160 could be last top in Oct15. - Conversely on closes below 1966 > watch out. Note: - In this projection, the year end close would occur at 2070 – A flat year reflecting...

YaKa

1970/2220 is key pivot for many reasons... Next few days have limited upside. In this context, it is not worth keeping long for a few days until ISM is out. STAY out or short with tight stops. THIS IS NOT A CALL - THIS IS JUST A TAIL RISK AND ITS MANAGEMENT - Just now worth being long here.

YaKa

3 points: 1) SPX clearly broke below the monthly support since Mar09 (in 2000 and 2007 this was really the end). 2) Whatever happens even a bull resumption would find it very difficult to break 2200 (that was already true when we were flirting with those levels). 3) The last bottom hit around 1800 is really an important support that will be difficult to break but...

YaKa

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YaKa

This correction has impressive dynamics. Since large corrections can last 3/4 weeks and SPX has only been falling sharply for 4 days. it is dangerous. There is an important support at 1960 and another one at 1900ish... as long as the area hold we may still have a new top. Clearly SPX got out of the logarithmic wedge.. a touch from outside in 2200 is still...

YaKa

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