Monday, April 25, 2016

Aaaaand ... cue the ending-diagonal

Now is exactly where we would expect to see one.  Waves (i) and (ii) in so far, on the way to new index highs.

SPX 04-25

Of course, we still want to see breadth and volume trail off as the tape grinds higher, into the May 11 turn window.
at

5 comments:

  1. AnonymousApril 27, 2016 at 8:14 AM

    I think left a comment a while back, about an ominous ghost print of 3 on BPSPX. I follow a few guys who are really on top of breadth. They're saying it's starting to look like that print was a major warning, and not just a an anomaly.

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  2. rose2797April 27, 2016 at 4:19 PM

    Hi Hugh, do you have a link or attachment if you can post for the ghost print for bpspx, when you see it

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  3. T.BerryApril 27, 2016 at 7:39 PM

    This comment has been removed by the author.

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  4. AnonymousApril 28, 2016 at 5:35 AM

    Here ya go Rose.

    https://northmantrader.files.wordpress.com/2014/04/bpspxd3.png


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  5. rose2797April 28, 2016 at 1:51 PM

    thanks

    ReplyDelete

Always enjoy good conversation and exchange of ideas.