Market Outlook

[GrandSupercycle]

Since DOW/SP500 is now EXTREMELY overbought, the reaction next week should result in a significant retracement.

S&P500 daily charts show updated rising wedge and possible head and shoulders pattern with target of 1150 when confirmed. Recent aggressive buying and short covering is revealed by very bullish candles.

http://stockmarket618.wordpress.com

 

[GrandSupercycle]

DOW/SP500/FTSE/DAX still indicate impending retracement.
DOW futs last 12,502

 

[jezek5]

Since DOW/SP500 is now EXTREMELY overbought, the reaction next week should result in a significant retracement.

S&P500 daily charts show updated rising wedge and possible head and shoulders pattern with target of 1150 when confirmed. Recent aggressive buying and short covering is revealed by very bullish candles.

http://stockmarket618.wordpress.com

Overbought?Funny how we all see things differently,
i just see it having retraced what it dropped.