Another Bearish Signal!

My indicators, which are primarily a derivation of price action analysis, generated another bearish signal after close of trading today.  As I am still bearish from a signal in mid November, this second signal is a strong indication of the upcoming downward pressure that should kick in tomorrow.  My best projection is a close in the range of 1093-1095 on Tuesday.

MIDS:                               Bearish
Move Start Date:          11/13
Move Start Price:         1093.50

Have the Tides turned?

I'm still in my bearish signal...this one is considerably longer than most of my signals, but I see it materializing...starting with the sharp decline in the last 30 mins of today's session.

The daily chart below displays the most likely market move over the next couple of weeks.

MIDS:                         BEARISH
Move Start:              11/13
Move Price:              1093.50

STILL BEARISH!

My proprietary system still has me in with a bearish signal.  I expected the SPX to break below the 1086 level intraday on Wednesday...but it looks like today (Friday) will be the day this happens.

MIDS:                           BEARISH
Move Start:                 11/13
Move Price:                1093.50

Looking for a Move below 1086..

By Wednesday close of business, I believe the SPX will have broken down below 1086 as an intraday low...if not close price.  If it does so decisively, this very well may push the SPX down towards 1060...which is also a measured move from the potential head and shoulders that is forming.

If the market does not drop below 1086 by Wednesday, my system will have me out of this current move.

Below is a 60min SPX chart.  We may see a drop toward Friday's close (1091 range) tomorrow...with another move down on Wednesday...albeit on low volume due to the upcoming holiday.

MIDS:                         BEARISH
Move Start:               11/13
Move Price:               1093.50

Bearish going into Turkey Day week

Still Bearish going into this week...I expect this move down to end either Wednesday or Friday of this week.

MIDS:                         BEARISH
Move Start:              11/13
Move Price:              1093.50

First Leg Down

As projected, SPX was down approximately 15 today.  One thing of note...I actually jumped on this down move too early.  My system had me going in after close of trading on Tuesday...in the vicinity of 1110.  I decided to jump in early last Friday (close) at 1093 as I anticipated a BEARISH signal in my MIDS system.  To discipline yourself to a system that you know will generate signicant profits...while setting aside your emotional instincts...is one of the most difficult things every investor has to deal with.  In any event, I see the next day or two potentially being quiet, with a possible retest of 1101, which is the high of the last reaction (see 60 min chart) as well as the midpoint of this current reaction from 1113 to 1088.

I strongly believe the 1088 level will be broken on the down side by Tuesday at the latest.

MIDS:                              BEARISH
Move Start:                   11/13
Move Price:                   1093.50

The Beat Goes On...

Looking for down action that should be fairly decisive and bottom out by middle to late next week.  Next week will mark the 21 week duration since the early July intermediate bottom...this is a very significant Fibonnaci number and is typically very reliable.

MIDS:                          BEARISH
Move Start:                11/13
Move Price:                1093.5