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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Wednesday, June 1, 2011

May 31: indicator shows up cycle could be ended after 6 days of up cycle

Jun 1: $spx closed right at the bulls' do-or-die juncture.
for the first time since Mar 16 bottom, $indu is right at the code blue inflection.
$rut dives after exactly back tested the code blue, also the green mid pitch fork resistance.
Jun 1 night: i am short term not bearish.

up cycle could be ended with the indicator up sharply yesterday on May 31.
1). during Feb 18 top ($spx 1344), marked by triangle 1, market turned down sharply.
2). during Apr 6 ($spx 1339), marketed by triangle 2, market turned down sharply.
3). during May 2, $spx shoot up extra for the "Head" of the potential head and shoulder pattern, marked by circle 3.
4). during May 31 ($spx 1345), marked by triangle 4, market turned down sharply.

but there is another cycle, pink equal timing boxes...