Inverse Head and Shoulders in the SPY

Head and Shoulders

Will the inverse head and shoulders pattern in the SPY hold up?

We sure hope so. The only problem is it's such an obvious technical pattern that everyone is looking at. However, if we do see a breakout, the SPY could make it back to $140 in short order.


Checking back on the sentiment cycle from January. Seriously, take a look at this. It's pretty cool

Back in January, I wrote this post The Sentiment Cycle applied to the SPX chart .


Having cooled off from an overbought rally early in 2012, the S&P 500 looks attractive at the current level.  A big rebound up to the target zone is sure to surprise.

The S&P 500 is testing the November support zone, and therefore, is likely to find strength to push higher in the near term.  The June targets are outlined, and June is shaping up to be an

Stocks just went on Sale (UPRO, SSO)


This is a great opportunity.  The S&P 500 is cheap at this level, and the sale is not going to last long.  It's time to do some serious shopping! 

Take advantage and look for some stock bargains, or just keep it simple and position in the S&P 500 index itself.  There is a ton of support at this 1305 level for the S&P, a

Bulls Set to Charge the S&P 500 (SSO, UPRO)


The bulls and bears battled it out last week.  Yet, even with the JPM fiasco, the bears could not break support.  The bulls have huge advantages for the coming week.

Support at S&P 1340 looks incredibly strong after holding rock solid all week.  The market has shown resilience and for the first time in a while the bulls have a ton going for t

S&P 500 Whipsaws to Continue (SPXU, SDS)


The S&P 500 may trade a little higher in coming days, but a bear flag pattern has developed. 

Simply put, shorting the index for the next whipsaw down is the play.


March has been quite the rollercoaster for the S&P 500 with Greek issues persisting.  The index is on the upswing again now, but for how much longer?

There is heavy resistance at 1395 for the S&P 500 going back to 2008.  This level is a short term upside target for the index, but the rollercoaster will likely continue to intensify this&

S&P 500 Rally Over - Bear Market Returns

Bear Market.jpg

The 1340 S&P 500 target was met on Friday.  The analysis is confirming that the bear market that started in May 2011 has now resumed once again. 

Since the S&P 500 target was met Friday, and upon careful review, it is clear that the rally up from the October 2011 lows is now over.

S&P 500 Upside Limited


The index has been working it's way up to the target level slowly but surely.  While some limited upside still appears possible, increased volatility can be expected from this poi

The target level for the S&P 500 index is 1340.  Last week, the index reached 1333 - within 7 points of the target level. 

S&P 500 Rally set to Grind Higher


The S&P 500 has managed to shrug off negatives this week, and still is poised to press a little higher in coming days.

There was a small pullback yesterday, but it appears that the pullback has completed with more upside coming next.