The battle between the Bulls and the Bears continues with negative news pushing the market lower and positive earnings pushing the market higher and helping the Bulls.
So who's going to win?
In this short video, I show you two items that are important in this market. I also point out where support is and why this is a crucial level to watch this coming week.
Our Trade Triangle technology is neutral on the SP500 but it could turn any day now and this is what I want to share with you today.
As always our videos are free to watch and there is no registration requirements.
Have a great weekend.
President of INO.com
Co-founder of MarketClub
4 thoughts on “The battle continues”
Well, we still closed above the 200 day moving average after an AM pummel. I think you need to stay long until that reverses or the bar is moved higher enough (say close over the S&P 1130. I have been long waiting for the market to turn the other way for awhile. Glad I did not set up short positions yet, but struggling to keep long as macro numbers continue to lack luster.
I am short the DOW, S&P AND FTSE 100. Beginning to think this rally is going to last for the rest of the summer. I may have to bail-out at a loss. Any comments?
this is obvious tat u cant predict where market is going smtimes it shows bearish trend or smtimes it shows bullish.some stock are under over sold range n some r under over buy range .bt let me tell u about s
S&P CNX NIFTY for 2 -3 days it may go down bt after tat it will moves up(prices will go up.
Hi Adam: while not directly related to the S&P 500 I am confused about the Monthly Trade Triangles (MTT) since they are referenced in you video.
I was looking at the Vanguard Emerging Market etf (VWO)and it seems that the four most recent MTTs indicate the opposite of what should have happened to the direction this etf took. On 2/5/10 a red MTT was issued (a shorting or out-of-the-market situation if I understand the Trade Triangle philosophy)- the etf went up. On 4/1/10 a green MTT was issued (a buy situation)- the etf went down. On 5/20/10 a red MTT was issued and the etf went up. On 8/2/10 a green MTT was issued, normally indicating a buy situation. However, given the history of the most recent MTTs I would assume that this is now a sell signal.
Am I missing something with regards to the MTTs or is this just an anomaly with this etf? Other indicators such as the RSI and MACD might also indicate that the MTTs are out of synch.
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