The State of the Trend

By: George Krum | Sun, Nov 11, 2012
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Market breadth peaked on November 6th the day of the US Presidential elections:

And the indices have been in decline ever since, reaching our target of 1377 by the end of the week:

The market breadth cycle continues to closely follow the dominant cycle, and the next upswing is expected to begin shortly, which will help stem the decline. We also continue to monitor the similarities with the April-May consolidation and subsequent decline, and keep an eye on the Election Year cycle:

In summary, the daily and weekly trends are down, but a sideways/up phase is expected to commence shortly. The first resistance level to the upside is 1391. The next cluster of support comes at the 1341 - 1355 level.



George Krum

Author: George Krum

George Krum

George Krum is the author of the "CIT Dates" blog, and the following apps:

OddsTrader - combines the power of Hurst Channels with proper risk and position size management. For a web version see OT Signals below.

Gann 9 - the only financial app that allows users to effortlessly apply the legendary W.D. Gann's tools and methods for trading (including the Square of 9).

OT Trend - helps you quantify and forecast the seemingly random ebb and flow of stock, index or mutual fund movement.

OT Fibonacci - automates the process of applying Fibonacci numbers, ratios and time series to any security.

OT Seasonal - allows you to perform seasonal analysis on practically any security from around the world, and to build long-term forecasts and models.

OT Pairs - pairs trading, one of the most successful hedge fund trading strategies, is now available on your smart phone.

OT Pivots - combines the power of pivot lines with cycles to provide you with concise technical analysis and powerful trading signals.

OT Signals - a web app accessible from any browser, tablet or pc. It gives buy/sell/hold ratings for any instrument from around the world, and defines the trend and support/resistance levels.

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