Monday, June 18, 2012

SPX Daily Chart Showing Bradley Turn Dates

The chart above shows the Bradley turns over the last year. Bradley turns forecast where the market has potential to change trend but do not forecast direction. Typically, markets will sell off if rallying into the Bradley or rally if selling off into the Bradley. Sometimes melt-up or melt-down moves occur as well. Allow for a +/- 7 day window before and after the dates where the market move typically occurs closer in to the actual date towards the center of the range. The dates are simply times to be respected requiring heightened attention if trading the markets daily. Reference Donald Bradley, Peter Eliades and Arch Crawford for additional information.

The Bradley turns this year are 12/28/11, 1/11/12, 1/28/12, 2/16/12, 2/22/12, 3/16/12, 4/11/12, 4/23/12, 6/12/12, 7/28/12, 8/14/12, 8/25/12, 9/30/12, 10/9/12, 11/1/12, 11/14/12, 12/22/12 and 1/20/13. The bold dates are major Bradley turns where more important market inflections are anticipated.  Again, like Keystone's Eclipse Indicator, you do not care what a trading tool is based on if it is repeatable and reliable and the chart above shows the track record.  The major turn in July 2011 identified the market top before the waterfall crash. The major March turn this year is in the neighborhood of the top for the year thus far.  The late December major market turn resulted in a continued melt-up move for markets. Thus, here we are, under the affects of the major turn date 6/12/12 thru tomorrow, with this Greece turmoil ongoing and the Fed on tap for Wednesday. Note that the next date is a major turn date as well, 7/28/12, so a window between 7/21/12 and 8/4/12 is important. Two dates follow along in August. Stay on alert into the Fed releases beginning at lunch time Wednesday. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

2 comments:

  1. only had a second to glance at your post but the key word that stood out to for me was "potential" I'm looking at some serious damage to this market we lost early this morning a nice uptrend line in the 30MIN GOLD(Futures). Around 3AM in Globex we lost the 14Period RSI uptrend line that has been in place since the April 2nd low. It looks like its all going to fade away when we don't get the QE3 announcement Tuesday. I think they are holding onto that for a rainy day. The Globex S&P's are putting in a best efforts attempt at a good bullish candle right now (which will likely doji in the next 8 mins). With everyone long the break "potentially" is going to be fast and furious to the downside.

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  2. MCAP, that all sounds good, but we may muddle thru until the Fed on Wednesday. Interstingly, the week after OpEx in June is typically down 90% of the time, and also markets tend to sell off into the new moon, which is tomorrow night. We are in deflation now so the Fed QE3 move should be imminent; Wednesday does provide the perfect opportunity. It's a crap shoot right now.

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