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The State of the Trend

By: George Krum | Saturday, December 1, 2012

At the end of last week, bulls and bears achieved a state of equilibrium, at approximately the same SP500 level where it happened last time in October:

Market breadth peaked right on schedule and, despite the fact that the indices closed marginally higher for the week, market internals are hovering mid-range:

The SPX is following the seasonal pattern closely and, barring a miraculous and immediate resolution of the fiscal cliff negotiations, that seems to indicate that the index may have trouble overcoming resistance at the 1420-1425 level:

 

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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