SP500 60分钟图形成 Rounded Arc - Bad Omen

stringzero

by Corey Rosenbloom

The S&P 500 continues for form a “Rounded Arc” formation which appears to be the dominant technical structure on the S&P 500. Let’s take a quick look at this development.



What literally leaps off the chart is the multi-swing negative momentum divergence that has set-in prior to the 1,100 highs (so far) in the S&P 500.  Negative divergences often precede (or forecast) price reversals - moreso multi-swing divergences.

A simple divergence is one thing - multiple divergences are another.

In addition to the divergences, we see price itself structured in a “Rounded Reversal” or “Rounded Arc” pattern beginning with the October lows near 1,020.

Except for one minor blip, the price has remained completely contained within the upper and lower arc as shown above - that takes precision and balance… and also forecasts the road ahead for prices provided we stay within these arc trendlines.

It would seem as if an up-move was the next likely short-term move ahead in the market (bouncing off support of the lower arc trendline and the 200 period SMA on the 60min chart) - perhaps to the 1,080 range, however should sellers step up and force price outside the lower trendline (where we are now), then we would see an acceleration to the downside and a potential collapse back to 1,020…

BUT we’re not there just yet.

ccc

xnz

busywind

thx

iamwym

还有比7月时候SP500更典型的头肩顶么？

Alchemist

ppteam

I remember someone posted a similar arc chart for SPX daily about 1 month ago, then SPX broke out in the upper boundary.

If you search HT, you should find it. Very similar arc.

iamwym

I remember someone posted a similar arc chart for SPX daily about 1 month ago, then SPX broke out in the upper boundary.

If you search HT, you should find it. Very similar arc.
ppteam 发表于 2009-10-27 09:15

事实上经典波浪上升K线每一个上升浪都是一个没完成的拱，单独讨论一个形态是没什么价值的。

ppteam

8# iamwym

probably this is the case.
But after this upmove, right now I give little credit to wave analysis. Tons of wave counters called top 1 month, if not 2 months ago.

It's hard to believe people can make profit consistently from wave analysis.

ut1984

thx facai

lazbug

THX,

but MM often lift  up  index when other small ones unloading,
and hit down the index when small ones loading.

so buydip work and selltop not work.

ChuChu888

silverado

rainbow chart

acura

louieca