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The last post analysis identified a symmetrical triangle pattern in the SPY (ETF for S&P 500). This triangle was formed after a huge rally in the month of October. All signs were pointed toward an upward breakout leading us into the end of the year with a nice Santa rally. Well, symmetrical triangles can break [...]
$ $ $Matrix Markets has moved to http://OspreyFlyer.com Matrix Markets Has Moved to a New Website! Matrix Markets has merged with Osprey Flyer and moved to a new website http://OspreyFlyer.com. All new posts will be published there….
$ $ $USA Consumer Credit is not really expanding; Federal Government and Sallie Mae lending is only reason for increaseS&P 500 OVERVIEWS&P 500 The S&P 500 closed at 1263.85 on Friday, November 11, 2011. The S&P 500, …
With the exception of more shockingly bad news on the European debt front, the chart pattern in setting up perfectly for an end of the year Christmas rally. After a huge pullback late spring and through most of the summer, the S&P 500 staged an incredible rally in the month of October. Then, the past [...]
The last (but not least) study for this weekend – promised – , unfortunately another one suggesting a significantly better-than-random chance for at least one lower close over the course of the next four sessions. On Friday’s session the SPY (S&P 500 SPDR) closed in the top quartile of its daily trading range on the [...]
$ $ $USA October Unemployment Rate dipped to 9.0% and the Underemployment Rate dropped to 16.2%S&P 500 OVERVIEWS&P 500 The S&P 500 closed at 1253.23 on Friday, November 4, 2011. The S&P 500, SPX, was down -2.48%…