The S&P 500 is going south?

For some time now we have been concerned about the lack of upside momentum and the divergences that have been building in many key oscillators.
We were also concerned that we'd reached a very important Fibonacci level which we pointed out in a recent video.
It never ceases to amaze me how these levels have worked both in the past and in the present. If you're serious about the markets, you must pay attention to these key levels as many professional traders do, and perhaps you will understand why.

In this short video, we're looking at the S&P 500 and some of the downside targets we have scoped out using a very simple tool. We had a nice run on the upside based on our "Trade Triangle" technology and we are happy to cash in our chips and watch from the sidelines for the time being.

Dow Market on the Downside?

We have been concerned for some time that the market was in a rotational phase and that some key levels were being tested on the upside.
The action today, Tuesday, can only be viewed one way, and that is negative. We do not expect this market to make a miraculous recovery to new highs and would not be surprised if we have seen the highs for the year.

In this short video on the Dow, we look at potential downside targets that this market may be headed for. One of the key things to remember in trading, and this applies to all markets, is perception. This is why technical analysis plays such an important part in detecting shifts in market perceptions. Our "Trade Triangles" have done extraordinarily well in this environment.

Stock Analysis: NIKE

This video takes a look at Nike and is trying to project what could probably happen in the future for this market.

There is a huge energy in this market capable of carrying it much, much higher.
The video also discussed a specific target zone for this stock.

A Sneak Peek At The S&P 500

While the S&P 500 made new highs for the year last week, it did not do so in a very convincing manner. This short video showed you some of the elements that should be cause for concern, such as trading volume, MACD indicator, etc.