S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge S&P500 Hourly Continues In Consolidation – Expecting Another PUsh Up Tomorrow

S&P500 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Technicals are turning up, but volume is in the tank and price moves are miniscule.  We are either at the end of a small consolidation or we are topped.  We expect to see another push up tomorrow.  This rally may continue into Friday, but not much longer after that.  These markets continue to be a joke fueled by central banks pouring cash into the economy – and nothing else.  Good job Yellen – well, not really.

Click on chart to enlarge S&P500 Daily Shows Consolidation And Topping – May See Another Push Up Before Rolling Over

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge S&P500 Hourly Shows Top Is Near – May See Big Down Move Tomorrow Or Wednesday

S&P500 Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Technicals show more up, but the VIX daily also closed up.  This divergence is often a precursor to trend change as VIX usually leads the markets very tightly.  Another POMO cut of $10B leveraged happens in a week.  USD is moving sharply higher and Euro is tanking nicely.  All three indicate a move down is very close.

Click on chart to enlarge S&P500 Daily Up Again On Volume We Didn’t Think Could Get Any Lower – Top Is Near

S&P500 Hourly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge S&P500 Hourly Pulls Back From Its Vertical Ascent – Technicals Rolling Over
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