Market Outlook

Dollar daily chart gives further bearish warning and more downside expected. So bullish for stocks.

http://stockmarket618.wordpress.com

 

Yet more market dislocation and lack of consensus as stock sellers return...

 

SP500 480 min chart reverts to bearish despite previously bearish USD daily chart. Thus stock sellers dominate again and very mixed signals continue.

 

BUY! NO, SELL! NO, BUY! NO, SELL! NO, BUY! NO, SELL! NO, BUY!

 

SP500 diamond formation and NASDAQ megaphone patterns at blog.

 

After further market chop reflecting current uncertainty re Europe, SP500 480 min chart is bearish/neutral. Daily and weekly are currently neutral/bearish. The bigger picture remains bearish.

USD bullish weekly chart chart has strengthened further.

Larger time frames tend to have more overall influence over smaller time frames.

Gold and Silver daily charts continue to break down.
Weekly remains neutral.

 

bearish chart reverts to bullish chop.

 

SP500 480 min chart is now bearish.

See blog for confirmed diamond.

http://stockmarket618.wordpress.com

 

translation: Grand poo pah has no clue

 

MARKET DISLOCATION AND UNCERTAINTY CONTINUES.

Renewed USD selling and EURUSD buying today indicates potential for further equity strength ?

Hopefully this mess will be resolved by next week.