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Sylvain Vervoort

Retired electronics engineer

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Stocata S&P 500 Analysis: May 26, 2018.

Last week I wrote: "We got as expected the small further up move the past week. The small gap at the start of the a correction wave is not closed yet. Maybe this will still happen the coming week. If this gap is not closed it is not a good sign and it may take a long time before being closed in the future. The first down target is the 200-day average and the low side of the Bollinger band. The target for the C-wave correction is around 2450, completing a C-wave with the same size as the A-wave, also... Continue reading

Posted yesterday at Traders' Library Blog

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Stocata S&P 500 Analysis: May 19, 2018.

Last week I wrote: "In my last comment I wrote" There may be a small further move up to complete the wave e of the triangle formation. That should be the end of the triangle correction followed by a continuation of the down move." The index moved up to the R1 pivot resistance. It looks like we are still missing a small move up to complete the b-correction wave. Best estimate is a move up to 2750. That will close the first gap that appeared near the start of the a-wave. Moving down from that level, there is a gap... Continue reading

Posted 7 days ago at Traders' Library Blog

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Stocata S&P 500 Analysis: May 12, 2018.

Last week I wrote: "The low of the week was around 2595. The pullback on Friday closed the week just a bit lower compared to the week before. The index found support on the 200 day simple moving average and the low side of the Bollinger bands. Note the triangle formation with lower tops and higher bottoms. Assuming that the index is in a downtrend started with wave A, we now have the triangle waves abcd completed. There may be a small further move up to complete the wave e. That should be the end of the triangle correction followed... Continue reading

Posted May 12, 2018 at Traders' Library Blog

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Stocata S&P 500 Analysis: April 28, 2018.

Last week I wrote: "The 'b' wave correction went up to the 61.8% Fibonacci retrace (grey) over the a-wave down, the upper side of the Bollinger band and the 100-day average. I assume this will be the end of the b-wave up correction. The expert colored the candles green but, I would not open a long position because, I think the b-wave is complete and we should expect a continuation of the downtrend to targets 2550 and 2400 completing the C-wave. These targets are respectively the S1 and S2 support levels of the current month, confirmed by a downward 161.8%... Continue reading

Posted Apr 28, 2018 at Traders' Library Blog

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Stocata S&P 500 Analysis: April 21, 2018.

Last week I wrote: "The past week made another pullback to the PP-pivot level of the month. This level is also the 50% retrace over the last wave 'a' down. My feeling is that the up correction will probably go up a fraction higher to the 61.8% Fibonacci retrace or even more if the current wave is a wave '2' and not a wave 'b'. The funny thing is that if the 61.8% retrace is reached and we make a Fibonacci projection down over the 'b' wave that moment in time, the 161.8% target is exactly the S2-pivot target level.... Continue reading

Posted Apr 21, 2018 at Traders' Library Blog

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Stocata S&P 500 Analysis: April 14, 2018.

Last week I wrote: "The low past week reached exactly the 161.8% Fibonacci target. Last week I mentioned: "I assume that this consolidation phase and pullback is not yet finished. I expect a correction up to previous price support once more becoming price resistance." From the low of the week, there was an up correction to a previous price high and, the PP pivot level of the month. There is a convergent move between the index and the SRSI indicator. This usually means that the last up move is just a correction and that the down move will continue after... Continue reading

Posted Apr 14, 2018 at Traders' Library Blog

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Stocata S&P 500 Analysis: April 7, 2018.

Last week I wrote: "Last week I predicted a pullback writing: "A lower bottom both in price and the SRSI confirms a possible pullback the coming week. Also, the possible higher bottom with the low of wave A and lower bottom in the SRSI is a hidden divergence also confirming that a pullback should be expected." I assume that this consolidation phase and pullback is not yet finished. I expect a correction up to previous price support once more becoming price resistance. This is the level around 2700. However since we do not have a wave C already we must... Continue reading

Posted Apr 7, 2018 at Traders' Library Blog

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Stocata S&P 500 Analysis: March 30, 2018.

Last week I wrote: "Last week I mentioned: "I guess the B-wave is completed and the index will continue to move down. First target is around 2700 where there is price support, support from the PP pivot level of the month and support from the 100-day average and the low side of the volatility band. The medium term target for the completion of the C-wave is at 2450." The past week the index moved down to the PP level of the month and price support. This support only lasted a couple of days and was broken with a gap, now... Continue reading

Posted Mar 30, 2018 at Traders' Library Blog

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

Last week I wrote: "A week ago the index reached the upper side of the volatility band with a new higher top. The past week there was a correction bringing the index down to the 50-day average. There is a negative divergence between the higher top in price and lower top in the Stochastic RSI indicator. I guess the B-wave is completed and the index will continue to move down. First target is around 2700 where there is price support, support from the PP pivot level of the month and support from the 100-day average and the low side of... Continue reading

Posted Mar 24, 2018 at Traders' Library Blog

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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 Mar 17, 2018 at Traders' Library Blog

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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