Bearish

Weekly head and shoulders pattern has been talked about for some time, and back in February when the market was at its lows, it spent about 1.2 seconds in total below the neckline of the pattern when it touched 1810.  That time seems like an eternity ago, and now what you have is the possibility

Of course there should be about 15 more dead cat bounce attempts between now and the close, but I have to say, I am pleasantly surprised that the bears have the price action down below 2039. That is where it should be, but my expectations were diminishing rapidly over the past week for that

Technical Outlook: SPX followed up with Friday’s afternoon recovery with a bounce to the upside yesterday that saw price reclaim the 20-day moving average and stall out at the 5-day moving average.  Technically, very little improvement. On the 30-min chart of SPX, the rally simply took price straight into the neckline resistance of the head

This list is dwindling by the day, down to just 33 names that are showing desirable short setups. That is because from even an intraday standpoint, you cannot get a sell-off to stick. That doesn’t mean the market is still rallying higher right now, it just means, that the bulls can not come off its

Two days in a row where the SPX is selling off, and today, if the weakness can hold, would be the biggest sell-off since March 8th.  Some selling would definitely be in order here and continued selling today will be flashing sell signals across a lot of indicators.  So saddle up, if we are putting

Technical Outlook: SPX saw its first significant sell-off in excess of 1% since 2/23.  The downtrend off of the 2/11 lows was broken yesterday and lost the 5-day moving average.  This sets up for another test of the 10-day moving average. Previous tests of this MA has resulted in the resting point for sellers and