Thursday, August 19, 2010

SP-500 (Weekly) With LARGE Bear Fork In Play

Bear Hat


  • Very Large Bear Fork In Play Here! (Watch Out)
  • Break above 1112 would put the large bear fork in question
  • Larger Bear Fork down gives mid line target of 550-600
  • Chances of Large Bear Fork staying in play?
    • A major crash would have to take place soon
    • Possible with the economic data being very negative
    • Market would have to see the same selling as it did in fall 2008
    • Watch GDP on Aug 27th, below 1.5 would be VERY NEGATIVE 

SP-500 (Weekly) With Bear Fork In Play

Bear Hat


  • Break below the mind line (Now In Play)
  • Target of 1056
  • Low end Target of 980
  • Break above 1130 would be very bullish

SP-500 (Weekly)

Bear Hat


  • SP-500 has broken it's bull fork that has been working since the lows

  • This is Bearish and time to be careful if you are long this market