Market Outlook

Overextended S&P500 /DOW / NASDAQ daily uptrend degradation becomes more overt and USDX daily shows increased strength.

 

Overextended S&P500 / DOW / NASDAQ daily uptrend degradation is now more pronounced.

USDX daily chart bullish warning increase.
GBPAUD daily chart bullish warning increase.
NZDJPY daily chart bearish warning increase.
GBPJPY daily chart bearish warning increase.
EURAUD daily chart bullish warning continue.

 

<strong>So we return to SP500 weekly chart as of Feb 18</strong>
<strong><a href="http://stockmarket618.files.wordpress.com/2012/02/2012-02-18_sp500_wk3.png">THIS SHOULD BE THE SP500 TOP</a></strong>

 

Reminder: Gold & Silver daily chart bearish momentum indicates overdue
leg down starting.

 

S&P500 bearish daily chart is now dominating over intra day signals:
another bearish sign.

 

As warned about previously - overextended SP500 / DOW / NASDAQ trend degradation has increased and risk of waterfall sell off continues.
Also warned about earlier, USDX shows further strength.
Trolls who don't understand T/A will continue to be frustrated and bewildered by market conditions.

 

THE BEAR MARKET HAS RESUMED.
S&amp;P500 weekly chart Feb 18

<strong><a href="http://stockmarket618.files.wordpress.com/2012/02/2012-02-18_sp500_wk3.png">THIS SHOULD BE THE S&amp;P500 TOP</a></strong>

 

Overextended S&P500 /DOW / NASDAQ uptrend degradation confirmed...

 

You said that 8 percentage points ago.