2014/05/27: TrendView VIDEO: Global View (early)
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TrendView VIDEO ANALYSIS & OUTLOOK: Tuesday, May 27, 2014 (early)
Global View: All Markets
We have noted for a while that the European equities had still been holding up better than the US of late. And that was a sign the US selloff as well might be temporary rather than the next major top. And even though the June S&P 500 future failure back below the 1,883-87 Negated DOWN Closing Price Reversal looked stale two weeks ago on the potential evolution of another top, that pattern never appeared very reliable. (See last Thursday’s Concise Highlights post for more details.)
Even if it had weakened again, any low 1,860’s potential DOWN Break would have had a natural Tolerance into the 1,859-55 range. However, as pointedly noted prior to the US Regular Trading Hours opening last Thursday, any push above that 1,883-87 area would represent a violation of that topping pattern formation. So not really much of a surprise that the early swing above it left the market strong all day, following on into Friday (even if it retraced just a bit at the end each day.) The more critical development was not that these were quiet grinding days instead of any overt explosion above 1,900; it was that the window had seemed to close on bears once again after the latest bout of short-term weakness. And right now the gap above 1,900 to the 1,905 area is telling on several levels. (More on that below.)
Authorized Gold and Platinum Subscribers Click ‘Read more’ to access TrendView Video Analysis and General Update. Silver and Sterling Subscribers Click ‘Read more’ to access the balance of the opening discussion.
2014/05/28: TrendView VIDEO: Concise Highlights (early)
2014/05/28: TrendView VIDEO: Concise Highlights (early)
© 2014 ROHR International, Inc. All International rights reserved.
The analysis videos are reserved for Gold and Platinum Subscribers
TrendView VIDEO ANALYSIS & OUTLOOK: Wednesday, May 28, 2014 (early)
As the riders of the London Underground have heard on many occasions, in the June S&P 500 future it is also time to “Mind the gap.” After failure back below the 1,883-87 Negated DOWN Closing Price Reversal looked stale two weeks ago on the potential evolution of another top, that pattern never appeared very reliable. (See last Thursday’s Concise Highlights post for more details.) As pointedly noted prior to the US Regular Trading Hours opening last Thursday, any push above that 1,883-87 area represented a violation of that topping pattern formation. So not really much of a surprise that the early swing above it left the market strong all day, following on into Friday. The more critical development was not that these were quiet grinding days instead of any overt explosion above 1,900; it was that the window had seemed to close on bears once again after the latest bout of short-term weakness. And Tuesday morning’s ‘gap’ above 1,900 to a low in the 1,904 area is telling on several levels. Mind the gap!! (More on that below.)
Authorized Gold and Platinum Subscribers Click ‘Read more’ to access TrendView Video Analysis and Brief Update. Silver and Sterling Subscribers Click ‘Read more’ to access the balance of the opening discussion.
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