Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, September 18, 2012

The Big Picture Charts

Stock Market Technical Analysis Blog

Click on image to enlarge

In the market today the S&P pivot starting breaking to the downside closing down a little but after seeing the relentless market propping that was going on it would be no surprise if they stepped in hard tomorrow and twisted it back upwards even though it is already a downside pivot break.  Between now and election there will be quite a few days where about the only thing going is market propping.  Today that was the whole story.

I am going to keep the big picture charts posted each night in addition to the nightly focus charts which I discuss during this period of erratic short term trading.

In these four big picture charts,

  • the bottom left corner chart is a four-year weekly bar chart of AAPL
  • the top left corner is the four-year weekly bars chart of S&P 500 (also includes the heights of the peaks measured in points from the 65 EMA line at that date)
  • the top right corner is a ten-month daily bars chart of the S&P 500
  • the bottom right corner is a ten-month daily bars chart of the VIX (Volatility Index)
When notable changes occur in these big picture charts I will focus on it in addition to posting the images.


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