March 25, 2017: New comments S&P500
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This page will be updated regularly with up-to-date monthly, weekly and daily charts. You can find HERE a description of the chart template used.
More about the chart template and trading rules HERE.
February 27, 2016: Last week I wrote: "As expected we got a pullback the past week. There may be a little more correction, but I do expect a further move up towards the 1.16 level. A hidden divergence is coming up and will normally push the Euro to a higher level."
We got some more downward correction to the level of the R1 pivot support and the 100 and 200 day average. The hidden divergence between price and the indicator will possibly reverse the short term price move.
February 27, 2016: Last week I wrote: "Some retracement the past week, but we should expect a further move up, possibly after some more retracement."
Weekly it does not look very good. The some more retracement I mentioned last week is larger than expected with the creation of a hidden divergent move. This will probably push the Euro further down the coming week to the low side of the BBS band or even lower.
March 1, 2016:
Last month I wrote: "It looks like the expected up move towards the upper side of the BBS channel has started. There is room for a continuation of the move up, probably up to the price resistance around 1.20."
The high of February came very close to the expected upper side of the BBS channel, but lost most of the up move by the end of the month. My opinion there is room for another attempt to bring price higher towards the 1.20 I mentioned last month.
The long term SVEPRExp expert is black for a long term short position (Chart is updated until 02/27/2016).