Bo Yoder S&P update

The S&P 500 (ETF Proxy – AMEX:SPY) cycled back through its range one more time with lower volatility, and an increase in bearish power.

My bias is still strongly bearish, the case continues to be made and reinforced according to our forecasting models…  I’m beginning to suspect that the true bearish meltdown that we are forecasting will begin with a large gap down or some other shock tight event.

Intel Corp (NASDAQ:INTC) has paused here at the resistance offered by the 20sma (blue line) as forecast, and the bullish power has increased.  This should promote the bullish breakout that I forecast last week.

JP Morgan Chase (NYSE:JPM) has followed through perfectly on our forecast. After a drop out of the red zone, the stock has put on a rally back up to complete a head and shoulders pattern near $69 per share.

I wanted to re-post my forecast for FB as this kind of pattern failure is so common these days.  I am just so passionate to share these “calls” as there is no reason why traders have to get trapped in these scenarios.  All brought to you due to our proprietary market forecasting technology.

Facebook (NASDAQ:FB) has been in rally mode for some time. It has pulled back to form a classic buy signal in the form of a bull flag on its daily chart. But be forewarned, our proprietary 3D Apex Predictive Failure Technology™ has flagged this bullish pattern as extremely likely to set up and FAIL.

If already positioned in this stock, this sets of a great profit taking scenario, as you will have a bullish crowd to distribute shares to as the setup triggers.