This is Sylvain Vervoort's Typepad Profile.

Join Typepad and start following Sylvain Vervoort's activity

Sylvain Vervoort

Retired electronics engineer

Recent Activity

Stocata S&P 500 Analysis: March 17, 2018.

STwo weeks ago I wrote: "As expected last week the index finished the wave B up correction on Tuesday and started the move down for Correction wave C. As I already mentioned with the weekly chart, the B retrace is rather large which possibly means the the correction is not a B-wave but, rather an impulse wave 2 correction. For now I just leave the current annotation because, both expect a further move down. The first target is 2450. If it is a wave 3 that is coming, the first target will be lower to around 2380. Note the negative... Continue reading

Posted 4 days ago at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: March 3, 2018.

A week ago I wrote: "Closing the week a fraction higher. Last week I mentioned: "With lower lows both in the index and the SRSI indicator we have a convergent move. Basically this means that price is making a correction. If this is the case we are probably finishing a B-wave and now expecting the C-Wave down. A and C waves are generally about the same size. If this will be the case here, the index can go down to 2400 to finish the C-wave" But, perhaps I overlooked the other possibility meaning, the index is not making a first... Continue reading

Posted Mar 4, 2018 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: February 24, 2018.

A week ago I wrote: "As expected price moved up even a bit above the pivot support S1, here resistance, up to the 100 day average and the middle line of the Bollinger Bands(R). With lower lows both in the index and the SRSI indicator we have a convergent move. Basically this means that price is making a correction. If this is the case we are probably finishing a B-wave and now expecting the C-Wave down. A and C waves are generally about the same size. If this will be the case here, the index can go down to 2400... Continue reading

Posted Feb 24, 2018 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: February 17, 2018.

A week ago I wrote: "The first down target around 2700 was broken already on Monday but, price made an up correction on Tuesday to the same level. The lowest low was reached on Friday with 2532.7, finding support on the 200 day average. The start of the move down was announced by a negative divergence, the green arrows, with higher index prices and a lower SRSI top. Now you can note a lower index bottom with also a lower SRSI bottom. This is a convergent move. We should expect some upward correction that already started on Friday up to... Continue reading

Posted Feb 17, 2018 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: February 10, 2018.

A week ago I wrote: "The stochastic RSI made a negative divergence with the index and started a down reaction with a price gap, followed by a large down candle with another gap on Friday. The next down target is around 2700, the 50 day price average, the low side of the volatility band and a price support level. I do expect some pullback when this level is reached. Be prepared for a possible longer term larger correction! Read my comments on the weekly chart and monthly chart for more information regarding the longer term view." The first down target... Continue reading

Posted Feb 10, 2018 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: February 3, 2018.

A week ago I wrote: "The index broke the 423.6% Fibonacci target from 2 weeks ago. Now even the R3 Pivot level of the current Month is broken. However, price is far away from the lower side of the volatility channel and from all averages. The Stochastic RSI may be making a negative divergence with the index. Normally this means that a pullback is not far away. As mentioned with the weekly chart I expect a reaction around the 3000 level. On the other hand I expect a continuation of the move after a correction. The longer term Fibonacci target... Continue reading

Posted Feb 3, 2018 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: Januari 27, 2018.

Two weeks ago I wrote: "Drawing a medium term Fibonacci target, the index is close to the 2805 target I mentioned last week. Indicators are topping and we are close to this 423.6% Fibonacci target. Short term I expect some pullback, possibly after reaching the short term Fibonacci target. Long term it looks like the 3000 level is now within reach. I commented this in the weekly and monthly chart. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view." he index broke the 423.6% Fibonacci target from 2 weeks ago. Now... Continue reading

Posted Jan 27, 2018 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: Januari 13, 2018.

Last week I wrote: "The reaction was limited to what we had already the previous week on Friday. The first week of the year was apparently reserved for celebrating the good trading year 2017. We are getting more and more gaps that need to be filled. The index reached the R2 pivot resistance of the current month and is possibly on the way to a next Fibonacci target at 2805. My best guess is that this 2805 is the top for the coming weeks. We will most probably get at least a small correction from this level. Read my comments... Continue reading

Posted Jan 13, 2018 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: Januari 6, 2018.

Last week I wrote: "We are two weeks later and the last gap is closed. You can see the negative divergence between the index with higher tops and the indicators with lower tops now confirmed with a larger negative candle and a convergent move between the index and indicators. Technically we must expect a further move down in first instance to 2660 and next to 2625 closing the next gap in the up trend. At that point we should expect some pullback. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view.... Continue reading

Posted Jan 7, 2018 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: December 30, 2017.

Last week I wrote: "The gap is not closed yet. Contrary, price made another higher high yesterday close to the R1 pivot resistance of December. It looks like a negative divergence is coming up between the index and the indicators. My best guess is still that the gap around 2645 will be filled the coming week possibly, making a further correction down towards 2600. That way there will be a smaller trading range that may even extend to 2560. That trading range may continue some weeks to some months into 2018. I am repeating, be careful, I believe we are... Continue reading

Posted Dec 30, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: December 16, 2017.

Last week I wrote: "We got the expected down reaction in first instance to the PP-Pivot level of the month at 2624.75. However, followed by a correction move the second part of the week, back to 2651.5, with a gap on Friday. My best guess is that this gap will be filled the coming week possibly, making a further correction down towards 2600. That way there will be a smaller trading range that may extend to 2560. That trading range may continue some weeks to some months into 2018. I am repeating, be careful, I believe we are possibly at... Continue reading

Posted Dec 16, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: December 9, 2017.

Last week I wrote: "There was a nice move up to a high at 2660, as suggested on the weekly chart followed by, a low price correction back to the start of the week on Friday but, recovering most of it by the end of the day. Since we are at a Fibonacci target both on the daily and weekly chart, we should expect a pullback possibly closing the gap in the daily chart the coming couple of weeks. Be careful, I believe we are close to a longer term top that is only holding because professionals want to keep... Continue reading

Posted Dec 9, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: December 2, 2017.

Last week I wrote: "There is a gap on Tuesday, I assume this will be closed the next couple of weeks. The index reached the R1 pivot resistance of the month and a last possible Fibonacci target at 2600, exactly the same level as R1. The end of the year coming close, it is always difficult to make predictions because, the professionals want to keep price at high levels for presenting a good end-of-the-year report to their customers. Technically we should expect a correction in first instance to 2580, on the other hand the next up target is around 2650.... Continue reading

Posted Dec 2, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: November 25, 2017.

Last week I wrote: "Wednesday the index reached the low of the week just past the PP pivot level of the month. From that point a pullback up was started but, still closing the week a few points lower. Technically I expect a move down towards the price support at 2544 which is also, close to the S1 pivot support, the low side of the volatility channel and the 100 day simple moving average. Keep in mind that there is a good chance the index will remain around the current level until the year-end, closing the year with some 25%... Continue reading

Posted Nov 25, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: November 18, 2017.

Last week I wrote: "Closing the week some 5 points lower. There is still a Fibonacci target at 2622 that most probably will be reached the coming weeks. I believe there is a good chance the index will remain around the current level until the year-end, closing the year with some 25% profit. For now I expect a further move up towards 2622, a Fibonacci target and the R2 pivot resistance of the current month. We may expect some pullback at that point, before possibly moving up to the next Fibonacci target at 2660. Price is far away from the... Continue reading

Posted Nov 19, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: November 11, 2017.

Last week I wrote: "Closing the week some 6 points higher towards the closest target at 2600. There is one more target not far away at 2660 that most probably will be reached the coming weeks. I believe there is a good chance the index will remain around the current level until the year-end, closing the year with some 25% profit. For now I expect a further move up towards 2600, a Fibonacci target and the R1 pivot resistance of the current month. We may expect some pullback at that point, before possibly moving up to the next Fibonacci target... Continue reading

Posted Nov 11, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: November 4, 2017.

Last week I wrote: "The price gap of the previous week is filled within a week. If this is an exhaustion gap then we have one more reason to believe that a reversal can be expected the coming weeks. However, I believe there will be first a minimum higher price toward the last Fibonacci target at 2610. The indicators are still moving with a negative divergence compared to the index price move. Price is far away from the averages reaching the upper side of the volatility channel. Looking at an Elliott wave count, we may be near the end of... Continue reading

Posted Nov 4, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: October 28, 2017.

Last week I wrote: "Not the expected correction but, a higher high with a larger gap on Friday. I like to think this is an exhaustion gap. About 50% of the time an exhaustion gap is filled within a week and an exhaustion gap is the last one in the current up or downtrend. Keep that in mind if this gap is filled the coming week. The indicators are still moving with a negative divergence compared to the index price move. Price is far away from the averages and at the upper side of the volatility channel. Looking at an... Continue reading

Posted Oct 28, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: October 21, 2017.

Last week I wrote: "As expected the index made a small higher price the past week. You can now see the index moving up while the indicators are moving down, a divergent negative indication. We should expect a correction the coming week. Price is far away from the averages and at the upper side of the volatility channel. Looking at an Elliott wave count, we may be at the end of an impulse wave 5, short, medium and even long term. And of course, there are the gaps I expect to be filled. Closest down targets are at 2510, 2480... Continue reading

Posted Oct 21, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: October 14, 2017.

Last week I wrote: "Last week I mentioned: "There is room for higher prices the coming week. Closest price targets from Fibonacci projections are at 2535 and 2550." Both targets were reached. I expect a slightly higher price starting the coming week but, the start of a reversal after that. Both indicators are topping and price is far away from the averages and touching the upper side of the volatility channel. And of course, there are the gaps I expect to be filled. Closest down targets are at 2510, 2480 and 2460. Read my comments on the weekly chart and... Continue reading

Posted Oct 15, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: October 7, 2017.

Last week I wrote: "There was no continuation after the down reversal at the end of the previous week. The past week we first saw a flag price pattern completing on Monday and Tuesday, breaking out of this pattern on Wednesday finally closing the week higher on Friday. There is room for higher prices the coming week. Closest price targets from Fibonacci projections are at 2535 and 2550. Possibly, at that point there will be a negative divergence between the Stochastic RSI and the indicator. The index will be closer to the upper side of the volatility band, the upper... Continue reading

Posted Oct 7, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: September 30, 2017.

Last week I wrote: "The index went a few points up Monday till Wednesday but, back down Thursday and Friday, closing just a few points higher compared to the week before. The index now reached the 161.8% Fibonacci target projected over the last wave down of the last correction wave. The candle chart is showing a doji, hanging man and evening star pattern, all negative signs. The stochastic oscillator is showing a downward move compared to the upward move in price over the last few days, a negative divergence. The index is back at the R1 pivot resistance , the... Continue reading

Posted Oct 1, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: September 23, 2017.

Last week I wrote: "Sorry I could not make comments last week. Two weeks ago I expected the gap around 2460 to be filled and that was the case. On the other hand I saw room for a further move up. This happened the past week with a gap and large move on Monday (9/11) and another gap on Tuesday. Price is now at the R1 pivot resistance, the 161.8% Fibonacci target and the upper side of the volatility channel while, the index is far away from the averages. Note the negative divergences between price with higher tops and the... Continue reading

Posted Sep 23, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: September 16, 2017.

Last week I wrote: "Predicting the coming week with the daily chart looks a bit contradictory compared to the weekly chart. Here there is room for a limited further up move. On the other hand there is a nearby gap to fill around 2460. Before that happens there may be another higher high. It may take more than a week before we see another start of a down correction. Read my comments on the weekly chart and monthly chart for more information regarding the longer term view." Sorry I could not make comments last week. Two weeks ago I expected... Continue reading

Posted Sep 16, 2017 at Traders' Library Blog

Comment

0

Stocata S&P 500 Analysis: September 2, 2017.

Last week I wrote: "As expected last week, price went a fraction lower on Monday, touching the 100-day simple moving average dynamic support. Tuesday the up retrace started with a price gap and went up to a 50% pullback, a price resistance and the PP pivot level of the month. Most probably the index made the top of the correction and resumes the down move. The next down target is the S2 pivot support at around 2380. I assume this will take a couple of weeks. Read my comments on the weekly chart and monthly chart for more information regarding... Continue reading

Posted Sep 3, 2017 at Traders' Library Blog

Comment

0

More...

Subscribe to Sylvain Vervoortâ€™s Recent Activity