Monday, November 17, 2014

Screen Shot 2014-11-16 at 7.30.22 PMCurrently in the overnight session, the Nikkei futures are down about 2.5% as a result of another confirmed recession and the spillover effect it might have on Japan’s government policies. With the daily TD Sequential locked into TD Sell Countdown, expectations are for the trend to continue higher until the counts are fulfilled. Selling under the consolidation range at 16,720 will threaten that bullish expectation.


S&P 500 (SPX) SHORT TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2015.86, the 4 hour SPX TDST Support.

Screen Shot 2014-11-15 at 3.18.47 PMThe sideways movement is relieving the overbought conditions. However there is no tag for the bullish outlook at this point, as the daily and weekly TD counts are nearing their TD exhaustion points.


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 2015.86, the TDST Support for the 4 hour SPX. 

Screen Shot 2014-11-15 at 3.20.43 PM Screen Shot 2014-11-15 at 4.11.27 PMChanges in the outlook has not changed as the SPX is trading in a narrow range. Take note of the Russell 2000 (RUT) underperformance.


S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: NEUTRAL

Bearish if SPX closes below 1964.58 on November 21, 2014. 

Screen Shot 2014-11-15 at 3.23.29 PM Screen Shot 2014-11-15 at 3.54.52 PM Screen Shot 2014-11-15 at 3.58.34 PM Screen Shot 2014-11-15 at 4.07.24 PMNot much change here. The weekly charts remain similar to last week’s charts.


S&P 500 (SPX) LONG TERM OUTLOOK: BULLISH

Neutral if SPX closes below 1930.67 on November 28, 2014. 


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