The Big Picture -- The Big Churn 1997-2021 (Est. 30 August, Earth Year 002,001)

Peter Robinson Author is a PRO member Rank: 77 Followers: 11 Votes: 20 Years Member: 14 Last Update: 31 August 2015, 14:01 Categories: General Market Commentary

(8/31 -- 1657 EDT) -- SPX closes at 1972, a crucial level. [new first chart]
Support for September, or down we go from here? [see dated notes in all charts on pp. 1-3]

(8/30) -- End-of-month window dressing to see the moving averages provide resistance to a possible Dead Cat Bounce?

(8/27) -- Is this Dead Cat Bounce out of steam and DOA at the HEAVY alignment of moving averages?
Weekly candlestick and volume suggest a bottom similar to October 2014?

(8/25) -- Lower 322-day Bollinger Band to arrest the decline once again? ?

(8/23) -- SPX 1880 etc. support possibilities plus head-and-shoulder options. [p. 1 and p. 5]
Extreme NYSE decline breaches EMA(409) support with a vengeance. [pp. 2-3]
A recovery in the last part of August would fit the pattern of previous tops by leaving a long-tailed monthly Hammer candle.

(8/21) -- Profound monthly and weekly damage.
(8/17) -- Options Week top forming near SPY 211 resistance?
(8/16) -- Logjam at the moving averages looking top-ish?
(8/11) -- Imminent SPX cross of EMA(50) down through EMA(150)? [middle p. 2]
(8/8) -- NYSE EMA(409) support in the cross-hairs.
(8/6) -- 2007 top Redux?
(2/18/15) -- June 2012 target of SPX 2100 reached. [middle p. 1]
(10/25/14) -- Top forming? -- Monthly candlestick long tails are a heads up, similar to 2000 and 2007 tops IMO. [pp. 1-2]
(2/11/13) -- The Big Churn (1997-2021) is about two-thirds over IMO. [p. 1 -- posted 8/30/2001]
(6/11/12) -- 'Seven-year Itch' Triple Top at SPX 2100?


***** DISCLAIMER *****

These charts and notes are for educational and entertainment purposes only.
Do not rely on them to make investment decisions -- perform your own due diligence.
For further details see the SCC 'Terms of Use' via the link below.

Less

$ -- A10.42 -- ZZ9.7 -- A1.01.7 -- $SPX - Monthly 2015 top

$ -- A10.47 -- $SPX - Weekly 2014/2016

$ -- A10.87.45 -- SPY - Daily close-up May 2015

$ -- A10.87.5 -- B157.94 -- SPY - 60-minute FEB 2014

$ -- B150.2 -- $SPX - Daily 200/322/409 -- 2015 top?

$ -- B150.3 -- $SPX - Daily 200/322/409 -- 2000 top

$ -- B150.4 -- $SPX - Daily 200/322/409 -- 2007 top

$ -- B150.7 -- $SPX - Daily EMA(50) and EMA(150) 1995 LARGE

$$ -- B150 -- $SPX - Daily EMA(50) and EMA(150)

$$$$$ -- B150 -- $SPX - Daily 200/322/409 1995 to present

This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.