S&P 500 - October 18, 2012

It seems like index has set a short-term cycle low.

Nearby support is around 1430-1440 area. As long as 120-1430 is not violated, the recent low has a chance of being an intermediate cycle low as well as a short-term cycle low


Longer term, there has been a loss of structural integrity as can be see from weekly  prices of MAI of the chart below

This is not a sell trigger. The sell trigger is, to me, from price itself based on support and resistance in my time frame of operation. That said, loss of structure on a longer term basis can be a warning sign as less and less issues have positive technical alignments.  Index may ignore and slog on as it has for many months, but one must be aware and mindful of the gradual structural erosion





Investing in the financial markets can involve considerable risk. Past performance is not necessarily an indication of future performance. All information included in Market Time Premium reflects ongoing thoughts of Market Time authors about market-related issues, and is prepared for educational purposes, and is presented as authors’ observations, and is not a solicitation, or an offer to buy or sell any security or use any particular system. Information is based on historical research using data believed to be reliable, but there is no guarantee as to its accuracy. Market Time Premium, its author(s), and its affiliates do not represent themselves as acting in the position of an investment adviser or investment manager. Market Time Premium, its author(s), and its affiliates shall not provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. From time to time, Market Time Premium, its author(s), and its affiliates may hold positions in securities mentioned, but are under no obligation to either divulge or hold such positions.