« September 2017 | Main | November 2017 »
Posted by Courtney Smith on October 31, 2017 at 02:01 PM in Courtney Smith, General, Stock Market, Trader Psychology | Permalink | Comments (0)
Reblog
(0)
| |
|
Posted by Courtney Smith on October 31, 2017 at 06:35 AM in Courtney Smith, General, Investing, Risk Management, Stock Market, Technical Analysis | Permalink | Comments (0)
Reblog
(0)
| |
|
Posted by Courtney Smith on October 30, 2017 at 11:36 AM in Courtney Smith, General, Risk Management | Permalink | Comments (0)
Reblog
(0)
| |
|
Last week I wrote: "Not the expected correction but, a higher high with a larger gap on Friday. I like to think this is an exhaustion gap. About 50% of the time an exhaustion gap is filled within a week and an exhaustion gap is the last one in the current up or downtrend. Keep that in mind if this gap is filled the coming week. The indicators are still moving with a negative divergence compared to the index price move. Price is far away from the averages and at the upper side of the volatility channel. Looking at an Elliott wave count, we may be near the end of an impulse wave 5, short, medium and even long term. There is an up Fibonacci target at 2612. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view."
The price gap of the previous week is filled within a week. If this is an exhaustion gap then we have one more reason to believe that a reversal can be expected the coming weeks. However, I believe there will be first a minimum higher price toward the last Fibonacci target at 2610. The indicators are still moving with a negative divergence compared to the index price move. Price is far away from the averages reaching the upper side of the volatility channel. Looking at an Elliott wave count, we may be near the end of an impulse wave 5, short, medium and even long term. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view.
Sylvain Vervoort http://stocata.org/
Posted by Sylvain Vervoort on October 28, 2017 at 10:58 AM in Sylvain Vervoort, Technical Analysis | Permalink | Comments (0)
Reblog
(0)
| |
|
Posted by Courtney Smith on October 28, 2017 at 09:00 AM in Courtney Smith, General, Travel | Permalink | Comments (0)
Reblog
(0)
| |
|
Posted by Courtney Smith on October 24, 2017 at 05:55 AM in Courtney Smith, General, Stock Market, Technical Analysis, Video | Permalink | Comments (0)
Reblog
(0)
| |
|
Last week I wrote: "As expected the index made a small higher price the past week. You can now see the index moving up while the indicators are moving down, a divergent negative indication. We should expect a correction the coming week. Price is far away from the averages and at the upper side of the volatility channel. Looking at an Elliott wave count, we may be at the end of an impulse wave 5, short, medium and even long term. And of course, there are the gaps I expect to be filled. Closest down targets are at 2510, 2480 and 2460. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view."
Not the expected correction but, a higher high with a larger gap on Friday. I like to think this is an exhaustion gap. About 50% of the time an exhaustion gap is filled within a week and an exhaustion gap is the last one in the current up or downtrend. Keep that in mind if this gap is filled the coming week. The indicators are still moving with a negative divergence compared to the index price move. Price is far away from the averages and at the upper side of the volatility channel. Looking at an Elliott wave count, we may be near the end of an impulse wave 5, short, medium and even long term. There is an up Fibonacci target at 2612. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view.
Sylvain Vervoort http://stocata.org/
Posted by Sylvain Vervoort on October 21, 2017 at 03:49 AM in Sylvain Vervoort, Technical Analysis | Permalink | Comments (0)
Reblog
(0)
| |
|
Last week I wrote: "Last week I mentioned: "There is room for higher prices the coming week. Closest price targets from Fibonacci projections are at 2535 and 2550." Both targets were reached. I expect a slightly higher price starting the coming week but, the start of a reversal after that. Both indicators are topping and price is far away from the averages and touching the upper side of the volatility channel. And of course, there are the gaps I expect to be filled. Closest down targets are at 2510, 2480 and 2460. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view."
As expected the index made a small higher price the past week. You can now see the index moving up while the indicators are moving down, a divergent negative indication. We should expect a correction the coming week. Price is far away from the averages and at the upper side of the volatility channel. Looking at an Elliott wave count, we may be at the end of an impulse wave 5, short, medium and even long term. And of course, there are the gaps I expect to be filled. Closest down targets are at 2510, 2480 and 2460. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view.
Sylvain Vervoort http://stocata.org/
Posted by Sylvain Vervoort on October 15, 2017 at 02:18 AM in Sylvain Vervoort, Technical Analysis | Permalink | Comments (0)
Reblog
(0)
| |
|
Last week I wrote: "There was no continuation after the down reversal at the end of the previous week. The past week we first saw a flag price pattern completing on Monday and Tuesday, breaking out of this pattern on Wednesday finally closing the week higher on Friday. There is room for higher prices the coming week. Closest price targets from Fibonacci projections are at 2535 and 2550. Possibly, at that point there will be a negative divergence between the Stochastic RSI and the indicator. The index will be closer to the upper side of the volatility band, the upper side of the up moving pitchfork and farther away from the averages. Finally we still have the gaps I expect to be filled. There is a good chance the index will go up another number of days but, I do expect a reversal the coming week(s). First targets are filling the gaps. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view."
Last week I mentioned: "There is room for higher prices the coming week. Closest price targets from Fibonacci projections are at 2535 and 2550." Both targets were reached. I expect a slightly higher price starting the coming week but, the start of a reversal after that. Both indicators are topping and price is far away from the averages and touching the upper side of the volatility channel. And of course, there are the gaps I expect to be filled. Closest down targets are at 2510, 2480 and 2460. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view.
Posted by Sylvain Vervoort on October 7, 2017 at 07:24 AM in Sylvain Vervoort, Technical Analysis | Permalink | Comments (0)
Reblog
(0)
| |
|
Last week I wrote: "The index went a few points up Monday till Wednesday but, back down Thursday and Friday, closing just a few points higher compared to the week before. The index now reached the 161.8% Fibonacci target projected over the last wave down of the last correction wave. The candle chart is showing a doji, hanging man and evening star pattern, all negative signs. The stochastic oscillator is showing a downward move compared to the upward move in price over the last few days, a negative divergence. The index is back at the R1 pivot resistance , the 161.8% Fibonacci resistance, the upper side of the volatility channel, indicators are topping and price is far away from all averages. Furthermore there are two gaps I expect to be filled. Logically we should expect a reversal with a further downward move the coming week(s). First targets are filling the gaps. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view."
There was no continuation after the down reversal at the end of the previous week. The past week we first saw a flag price pattern completing on Monday and Tuesday, breaking out of this pattern on Wednesday finally closing the week higher on Friday. There is room for higher prices the coming week. Closest price targets from Fibonacci projections are at 2535 and 2550. Possibly, at that point there will be a negative divergence between the Stochastic RSI and the indicator. The index will be closer to the upper side of the volatility band, the upper side of the up moving pitchfork and farther away from the averages. Finally we still have the gaps I expect to be filled. There is a good chance the index will go up another number of days but, I do expect a reversal the coming week(s). First targets are filling the gaps. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view.
Sylvain Vervoort http://stocata.org/
Posted by Sylvain Vervoort on October 1, 2017 at 06:43 AM in Sylvain Vervoort, Technical Analysis | Permalink | Comments (0)
Reblog
(0)
| |
|