An X-Ray of the Market: S&P 500 and Heikin-Ashi $SPY $SPX $DIA $DJIA

Daily chart:

• Despite the extended price advance, haDelta shows weakness
• Bullish but weak

 

Weekly chart:

• Close to the apex of the consolidation triangle
• Bullish and undecided

 

Monthly chart:

• Bullish

How Far Will $AMZN Run? $QQQ $EBAY $SPX $SPY

Daily chart

1. Comfortable vis-a-vis its trailing-stop
2. Despite the sustained uptrend, the haDelta :: SMA(3) bullish crossing offers indications of a strong trend ahead

 

Weekly chart

1. Difficult to overcome the haDelta resistance
2. Caught inside a medium-term consolidation (haDelta is inside an ascending triangle)

 

Monthly chart

1. Caution: haDelta is approaching the first resistance level.

$AAPL Head-and-Shoulders – Target: 320 $QQQ $SPX $SPY

Apple weekly chart (see below)

Upper pane

1. Waiting for a resolution of the bearish Head-and-Shoulders following a sustained long uptrend
2. Price objective: 320 (based on H&S characteristics)
3. The thickness of the Ichimoku cloud in the next 13-15 weeks suggests a resistance difficult to overcome
4. Note the change of trend 26 weeks in the future on the Ichimoku chart: Usually, such points warn about a strong trend to develop during this time

Middle pane

1. The haDelta average SMA(3) was negative (yellow area)
2. haDelta and SMA(3) failed to become positive (bad sign)

Lower pane

1. Failures to go above the oscillator’s resistance (50-60 area) = Weakness

 

Looking for A Better Trend Assessment Technique? $SPY $SPX $DIA $DJIA

Use heikin-ashi:

1. White heikin-ashi candles
2. The occurrence of a Pan Flute pattern (see previous post here)
3. SMA(3) is still positive

 

 

Why Heikin-Ashi haDelta Works $SPX $SPY $DIA $DJIA $UPS $AMZN

S&P 500 is ready for the bounce (haDelta at support)

 

 

 

An update to the previous post (daily UPS 10/19/2012) showing (again) the power of haDelta crossings at/near zero:

 

Friday 10/19/2012 ended with haDelta below (<) its SMA3 and a crossing at zero (warning for a strong move ahead).

Monday 10/22/2012 UPS was down 1.02% ($71.56) after hitting an intraday low of $71.02

 

 

Another proof that haDelta :: SMA3 crossings at/near zero are explosive: