Wednesday, September 30, 2009

9/30 - stage 3b

SPX - not as bullish after today


SPY - sideways

Tuesday, September 29, 2009

9/29 - stage 3a

SPX - still bullish


SPY - closed below 30ema

9/28 - stage 2a

SPX - bullish pullback


SPY - back above 30ema


ETFs - mainly lead by financials

Saturday, September 26, 2009

9/25 - stage 4b

SPX - still bullish


SPY - remains bearish

Thursday, September 24, 2009

9/24 - spy stage 4a

SPX - still bullish til we break support


SPY - broke down from the range...more bearishness for few more day possible

Wednesday, September 23, 2009

9/23 - stage 3a

SPX - at target


SPY - sideways

9/22 - stage 3

SPX - consolidating


SPY - stage 3

Tuesday, September 22, 2009

spy = ema - 9/21

SPX - side bull


SPY - side

Friday, September 18, 2009

spy > ema - 9/18

SPX - slight pause


SPY - sym triangle pause...still bullish

Thursday, September 17, 2009

9/17 - stage 2b

SPX - near target


SPY - still bullish

spy > ema - 9/16 (stage 2)

SPX - another new high


SPY - bullish

Wednesday, September 16, 2009

spy > ema - 9/15

SPX - target hit?


SPY - bullish

Tuesday, September 15, 2009

Friday, September 11, 2009

spy > ema - 9/11

SPX


SPY - still bullish

Thursday, September 10, 2009

spy > ema - 9/10

SPX - new high


SPY

spy > ema - 9/9

SPX - resistance


SPY - bullish


ETFs


HEAT - mix


Analysis: going higher still...but meeting resistance...lets see where it goes from here...QQQQ made a new high but SPX still hasn't....

Tuesday, September 8, 2009

spy > ema - 9/8

SPX - near resistance


SPY

Friday, September 4, 2009

spy > ema - 9/4

SPX - bullish bounce


SPY

Thursday, September 3, 2009

Wednesday, September 2, 2009

spy < ema - 9/2

SPX - support?


SPY

< ema, 9.1.09

bears have a field day


SPX - nice pullback...support...stage 2 still


SPY - stage 4


XLF - stage 4


USO - stage 4


VIX - stage 2


ETFs - financials fall hardest


HEAT


Analysis: every chart is telling us that the market will go lower...every chart except for the daily SPX chart...and that is actually the most important chart of them all so that makes me worried that it might not be the best time to short...looks great in the shortterm but doesn't look like it will last...i am tempted to short the market tomorrow, as the markets will most likely pullback, but i don't like how SPX is far from making a reversal pattern...