Traders' Library Blog

Stocata S&P 500 Analysis: March 28, 2015.

Last week I wrote: 
The some more retracement we talked about last week, is larger than expected. We are at a point where the chance for breaking the previous top is more realistic than a turn down. The hidden divergence with a lower bottom in the stochastic RSI and the higher bottom in the index will most probably push the index above the previous top wave 3.21. This may be the continuation of the long term up move. But if on the other hand we are near a long term top, we should see a negative divergence with a higher top in the index and a lower top in the stochastic RSI.

The previous top is not broken. We still have a convergent move between the stochastic RSI and the index. That means we should expect a further normal short term correction creating a wave 3.1 down to the level of the S1 pivot support of the month, the 200 day average and the low side of the volatility channel around 2015. The expert turned black.

Stocks & Commodities magazine published the READERS' CHOICE AWARDS for 2015. Two FAVORITE ARTICLE semi-finalist awards are for my articles "Creating A Trading Strategy, Part 3" and "Exploring Charting Techniques, Part 1". First Runner-Up is "Swing Trading With Sylvain Vervoort" an interview from Jayanthi Gopalakrishnan. Thanks to all for voting.

Sylvain Vervoort  http://stocata.org/

Stocata S&P 500 Analysis: March 22, 2015.

Last week I wrote: 
Only a small retracement on Monday, followed by a move down to the low side of the up moving pitchfork, a reaction back to the PP pivot point of the month and once more down to the low side of the pitchfork and the 100 day average. There is a hidden divergence between the index and the stochastic RSI. Basically this means that we should have some retracement, followed by a further move down. This move down is also close to being confirmed in the weekly chart. It is still early to say that a longer term reaction is started, but there are signs already. Next week probably some more retracement, but a further down move after that.

The some more retracement we talked about last week, is larger than expected. We are at a point where the chance for breaking the previous top is more realistic than a turn down. The hidden divergence with a lower bottom in the stochastic RSI and the higher bottom in the index will most probably push the index above the previous top wave 3.21. This may be the continuation of the long term up move. But if on the other hand we are near a long term top, we should see a negative divergence with a higher top in the index and a lower top in the stochastic RSI.

Stocks & Commodities magazine published the READERS' CHOICE AWARDS for 2015. Two FAVORITE ARTICLE semi-finalist awards are for my articles "Creating A Trading Strategy, Part 3" and "Exploring Charting Techniques, Part 1". First Runner-Up is "Swing Trading With Sylvain Vervoort" an interview from Jayanthi Gopalakrishnan. Thanks to all for voting.

Sylvain Vervoort  http://stocata.org/

Stocata S&P 500 Analysis: March 14, 2015.

Last week I wrote: 
As expected a move down, reaching the median line of the up moving pitchfork, coming close to the PP pivot of the month of March, the 50 average and price support. Probably enough support to create some pullback the coming week. I doubt if the index is already starting a longer term down correction. There is no negative divergence between the index and the indicators. That may indicate that another top is possible the coming weeks after the current retrace.

Only a small retrace on Monday, followed by a move down to the low side of the up moving pitchfork, a reaction back to the PP pivot point of the month and once more down to the low side of the pitchfork and the 100 day average. There is a hidden divergence between the index and the stochastic RSI. Basically this means that we should have some retracement, followed by a further move down. This move down is also close to being confirmed in the weekly chart. It is still early to say that a longer term reaction is started, but there are signs already. Next week probably some more retrace, but a further down move after that.

Stocks & Commodities magazine published the READERS' CHOICE AWARDS for 2015. Two FAVORITE ARTICLE semi-finalist awards are for my articles "Creating A Trading Strategy, Part 3" and "Exploring Charting Techniques, Part 1". First Runner-Up is "Swing Trading With Sylvain Vervoort" an interview from Jayanthi Gopalakirishnan. Thanks to all voters.

Sylvain Vervoort   http://stocata.org/

Stocata S&P 500 Analysis: March 7, 2015.

Last week I wrote: 
Even we are closing lower this week, the index managed to finally reach the long term Fibonacci target at 2114. We are falling back to the R2 pivot resistance, now support, of the month of February. Indicators are topping and turning down. We should expect at least some further reaction down and do not forget that every long term correction started with a common short term retrace.

As expected a move down, reaching the median line of the up moving pitchfork, coming close to the PP pivot of the month of March, the 50 average and price support. Probably enough support to create some pullback the coming week. I doubt if the index is already starting a longer term down correction. There is no negative divergence between the index and the indicators. That may indicate that another top is possible the coming weeks after the current retrace.

Sylvain Vervoort  http://stocata.org/