OJ

the trend is your friend

ftse250

Goldman Sachs Square of 144

This chart was first posted on May 25th. 5/8 time and 3/4 price produced a reversal...now threatening to break important angle support.We had an October to April 6 month high to high cycle...will Oct bring in a major low with another 6 month /1 year cycle ?

Dax

Looks like a clear sell signal on the 3 day swing chart.On the weekly candle chart the triple top pattern has been confirmed with 2 lower lows

FTSE

Orange Juice

If the head and shoulders pattern is to prove valid then the market is likely consolidating to build enough strength to break the neckline...watch for a possible bear flag continuation pattern following the rally from 1040 on Friday

Russell head and shoulders target ?

This index is finding support at the 50% mid-point of the major trading range,approximately 600.We could rally to 640 but it seems only a matter of time before the index breaks down.(see the earlier post with the ominously bearish quarterly candlestick pattern.) Risk/reward does not favour buyers !

FTSE

Russell2000

s&p

Looks very similar to the 2007 top,with a 1,2,3 reversal and crossing of 13,21 and 55 sma's.Currently 13 week sma is below the 21 and 55 but 21 has not yet crossed the 55.Weekly trend has turned down with this weeks lower low,confirming the 1,2,3 high...fast moves come from triples !

DAX/Europe 3x Bear ETF

The Dax triple top pattern has now been confirmed with 2 lower lows on the weekly chart and we have broken back into the channel.Weakness in the Dax is very significant as it has been one of the strongest developed markets charts,especially within Europe.

FTSE could have swift fall to 4800

3 lower tops in a weak position,3rd top itself a triple top,measured move decline to 4800 may be on the cards.

Apple

Following the bearish time pattern setup we got a sell signal with the engulfing candle last week,and now we have another bearish candle,an inverted hammer

Antofagasta/Copper

Coffee breakout

I haven't been following coffee that closely but noticed this major breakout today.Cocoa broke lower today and we have been bearish but the coffee breakout suggests the need for caution as they often (not always) move together.Stops on short cocoa positions should be no higher than just above last week's highs (not intended to be trading advice,just technical observation)

Ftse swing chart

S&P

Am looking to see if this minor wave 2 has finished yet.If correct we could expect a sharp move down.The Gann angles and the ema's lend support to this scenario.

Sep Cocoa