Wednesday, August 10, 2016

Beyond Charting & Tech Analysis: #DOW #SP500 #DXY (Excerpt 1 of a Series)

In contrast to Marc Faber's call for a stock market crash, this has been the headlines for the Dow Jones & SP500 benchmark indices making new highs. As prices move higher from their lows a widening price range continues to dominate the market. Faber's version of a 'megaphone' formation (opposite to a symmetrical triangle) is quite similar to our technical version applied on the chart which is a 'Disjoint Angle Pattern called last July 19, 2016. And not as often do we see such formation occur, and only until the formation is completed that traders can identify it.

NOTE: The Megaphone or Disjoint formation is just an 'INTEGRAL PART' of the overall outlook for the DOW SP500 & the USD

Beyond Charting & Technical Analysis

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2 comments:

  1. UnknownAugust 10, 2016 at 1:23 AM

    Differentiating Main Street from Wall Street Market Outlook on the DOW & SP500. Who gets to blink first on the market call! SP500 @1100 after 2300 high by #Marc Faber or MegaTrade101's call for the DOW @20K in 2016.

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  2. UnknownAugust 31, 2016 at 12:21 AM

    For the record, whenever we'll be proven right, then we shall explain the basis of this call. When wrong, we'll be gad to accept and stand to be corrected. For now will just wait for the market to dictate what it would do!

    DOW JONES INITIAL PROJECTION:
    https://dwq4do82y8xi7.cloudfront.net/x/zOZA7jyZ/

    SP500 INITIAL PROJECTION: https://dwq4do82y8xi7.cloudfront.net/x/79PoyV8t/

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