Wednesday, December 25, 2013
Monday, December 23, 2013
ES ~ 23 December 2013
We got the expected rally after the resistance at 1805ish (SPX 1812ish) was breached:
As long as we are above 1805, the trend is clearly up.
Author: Patrick Eugster
As long as we are above 1805, the trend is clearly up.
Author: Patrick Eugster
Thursday, December 19, 2013
S&P 500 ~ EOD ~ 19 December 2013
The SPX pulled back to the support at 1802ish today and then rallied to the resistance at 1812ish:
Author: Patrick Eugster
Author: Patrick Eugster
Wednesday, December 18, 2013
S&P 500 ~ EOD ~ 18 December 2013
The SPX hit the support at 1775ish once again today and then rallied back to the all-time highs after the FED announcement:
Let's see if we can break 1812 tomorrow and continue the rally.
Author: Patrick Eugster
Let's see if we can break 1812 tomorrow and continue the rally.
Author: Patrick Eugster
S&P 500 ~ Pre-Market ~ 18 December 2013
After having given back most of Monday's gains yesterday, the SPX is again near the support around 1775ish. We have the FED announcement today, so let's see how the market reacts.
Resistances are at 1800 and 1812 and support levels are at 1775ish and 1758ish.
Author: Patrick Eugster
Resistances are at 1800 and 1812 and support levels are at 1775ish and 1758ish.
Author: Patrick Eugster
Monday, December 16, 2013
S&P 500 ~ EOD ~ 16 December 2013
The SPX rallied today after we had touched the support at 1774ish last week. If we can hold above 1782, we could even see a rally back to 1800.
Author: Patrick Eugster
Author: Patrick Eugster
ES ~ 16 December 2013
The futures crashed overnight but are now up:
If we can hold above 1777ish, we could see a rally back to 1800. Else a decline back to 1767ish is likely.
Author: Patrick Eugster
If we can hold above 1777ish, we could see a rally back to 1800. Else a decline back to 1767ish is likely.
Author: Patrick Eugster
Friday, December 13, 2013
ES ~ 13 December 2013
The ES is trading within a 10 handle range. If we get a breakout, targets are the low 1750's or 1800:
Author: Patrick Eugster
Author: Patrick Eugster
Thursday, December 12, 2013
S&P 500 ~ Intraday ~ 12 December 2013
The SPX declined to the next support level around 1775ish:
As said many times before, a decline below this support would be pretty significant. I think we could see a decline to 1700ish if that happens. As long as we stay above it though, a rally back towards 1800 should occur.
Author: Patrick Eugster
As said many times before, a decline below this support would be pretty significant. I think we could see a decline to 1700ish if that happens. As long as we stay above it though, a rally back towards 1800 should occur.
Author: Patrick Eugster
ES ~ 12 December 2013
The ES near the support area. If it holds, we could see a rally back to 1800. Should we break below it though, a decline towards 1750 is likely.
Author: Patrick Eugster
Wednesday, December 11, 2013
S&P 500 ~ EOD ~ 11 December 2013
And we got the decline to 1780ish:
It looks like we could get a short-term rally at either 1780ish or 1775ish.
As mentioned earlier, if we break below 1770 convincingly, a decline towards 1700 is likely.
Author: Patrick Eugster
It looks like we could get a short-term rally at either 1780ish or 1775ish.
As mentioned earlier, if we break below 1770 convincingly, a decline towards 1700 is likely.
Author: Patrick Eugster
S&P 500 ~ Intraday ~ 11 December 2013
The SPX dropped below the important 1800 level after the opening. As expected the decline continued thereafter and we're now already near the next support area around the 1780ish area.
Author: Patrick Eugster
Author: Patrick Eugster
ES ~ 11 December 2013
The ES is near its support at 1800ish. If it doesn't hold, we should decline to 1780-85.
Author: Patrick Eugster
Author: Patrick Eugster
Monday, December 9, 2013
USD/JPY ~ 9 December 2013
We got a short correction at 103.5 but are now back at the highs. If we break 103.5, this rally should go much further. 101.5 needs to hold for this bullish outlook though.
Author: Patrick Eugster
Thursday, December 5, 2013
Tuesday, December 3, 2013
S&P 500 ~ Elliott Wave Count ~ 3 December 2013
We got a small correction to around 1790 today. We had declines of about 1.5 % before though so bears shouldn't get too excited yet. I still think that 1770 is a key level. If we convincingly break it, a 100-point-correction is likely.
For more counts please visit: http://www.wavaholic.com/2013/11/s-500-elliott-wave-count-25-november.html
Author: Patrick Eugster
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| (link to previous count) |
Author: Patrick Eugster
ES ~ Globex ~ 3 December 2013
The ES declined below the support at 1800ish and is now already near the next support at 1792ish. If this level holds, we could see a rally back to 1800ish. If it breaks though, a sell-off to 1775 should follow.
Author: Patrick Eugster
Author: Patrick Eugster
Monday, December 2, 2013
USD/JPY ~ 2 December 2013
The USD/JPY rallied nicely after the breakout of the triangle:
We're now approaching the next resistance, the May highs. We might get at least a short-term correction around these levels. However, the pattern this year looks very similar to last year. So, if 103.5ish breaks, we could go much higher.
Author: Patrick Eugster
We're now approaching the next resistance, the May highs. We might get at least a short-term correction around these levels. However, the pattern this year looks very similar to last year. So, if 103.5ish breaks, we could go much higher.
Author: Patrick Eugster
ES ~ Globex ~ 2 December 2013
The ES is still trading between 1800 and 1810. If 1800 breaks, we should see a drop to 1792ish. If 1810ish breaks though, the futures could add another 10 points.
Author: Patrick Eugster
Author: Patrick Eugster
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