The State of the Trend

By: George Krum | Sat, Mar 21, 2015
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For the last two weeks the SP500 has followed the quadruple witching pattern (as outlined here) very closely. So it's time now to take a look at what has happened before in post-expiration week:

S&P500 Daily Chart
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The result was mixed, but mostly sideways/down.

A period of mixed, choppy action can be expected now as well since weekly market breadth is neutral, while daily is getting overbought. For the time being, the trend is up, and SPY Trend Bars™ point to 208-209 as the support zone above which price needs to stay to avoid a trend reversal:

SPY Trend Bars Chart
Chart courtesy of OT Seasonal

Gold and its ETF have found support at the Nov '14 low. At a minimum, a sustainable break above 115 and 120 for GLD is needed to confirm that a double bottom is in place:

SPDR Gold Trust Shares Weekly Chart
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George Krum

Author: George Krum

George Krum
www.citdates.blogspot.com

George Krum is the author of the "CIT Dates" blog, and the following apps:

OddsTrader - combines the power of Hurst Channels with proper risk and position size management. For a web version see OT Signals below.

Gann 9 - the only financial app that allows users to effortlessly apply the legendary W.D. Gann's tools and methods for trading (including the Square of 9).

OT Trend - helps you quantify and forecast the seemingly random ebb and flow of stock, index or mutual fund movement.

OT Fibonacci - automates the process of applying Fibonacci numbers, ratios and time series to any security.

OT Seasonal - allows you to perform seasonal analysis on practically any security from around the world, and to build long-term forecasts and models.

OT Pairs - pairs trading, one of the most successful hedge fund trading strategies, is now available on your smart phone.

OT Pivots - combines the power of pivot lines with cycles to provide you with concise technical analysis and powerful trading signals.

OT Signals - a web app accessible from any browser, tablet or pc. It gives buy/sell/hold ratings for any instrument from around the world, and defines the trend and support/resistance levels.

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