Weekend post

Expecting the decline to resume

Playing with fire

Weekend charts

 

Good setups

Still falling

Declining channel forming

Weekend post

SPX topped? Highly probable now.

SPX started a fast decline. I advise not to try to catch this falling knife. There is no sign of a bottom yet. I'd rather short this or buy some SPX short ETF.

Agriculturals' bear market is ending

I have posted about DBA's bottoming pattern before. We have seen a very strong bounce recently which broke the declining red channel. I do not follow all agriculturals closely but sugar and coffee, as you all know, have been my favorites. Sugar is performing well. Coffee still has to break up some important resistances.

What happened last week

Aussie and Cable's reversal patterns delivered good results since my last post. SPX is still dragging its feet to make the last push to 1725. This is the last channel chance to make that move.