Clive Corcoran

Corcoran Technical Trading Patterns For July 30
The current level for the S&P 500 is quite signigicant. If this fails today then the July low would be a feasible target. If the level holds the bulls will have the opportunity during the thin trading levels of August to eventually test the 1130 level.

Corcoran Technical Trading Patterns For July 29
Clive Corcoran's favored speculative scenario for price developments going forward is for a gentle upward bias for equities and risk assets through August but with gathering clouds for risk aversion as September nears.

Corcoran Technical Trading Patterns For July 28
Should the S&P 500 make a decisive break through the obvious flat cloud top, which serves to underline the strength of the resistance at the 1130 target on the chart, then the absence of any further cloud above suggests that the bulls could really run with the ball during August.

Corcoran Technical Trading Patterns For July 26
The price action in a number of sectors suggests that equities are looking to move ahead, but Clive Corcoran has two main concerns with this scenario.

Corcoran Technical Trading Patterns For July 23
Part of the answer to whether the S&P 500 will come back to the 1130 level will become clearer in the price development of the CHF/JPY pair.

Corcoran Technical Trading Patterns For July 22
The key test for the bulls today will be to re-challenge the S&P 500 high from yesterday.

Corcoran Technical Trading Patterns For July 20
The S&P 500 futures are drifting lower in European trading on Tuesday morning, and, if the possible support around 1050 is sliced through decisively when trading begins in North America, Clive Corcoran would be looking for a return to levels in the 1040 zone.

Corcoran Technical Trading Patterns For July 19
The weekly chart for the Nasdaq 100 (NDX) shows that a key trendline has been violated and that the critical level around 1650 would likely be tested in coming weeks.

Corcoran Technical Trading Patterns For July 16
Strong cross currents - both technical and fundamental - are currently creating turbulent conditions for the S&P 500. Clive Corcoran expects another test of 1100 in coming sessions.

Corcoran Technical Trading Patterns For July 15
The risk/reward ratio for US equities has now tipped from being favorable to being more risky, and Clive Corcoran has decided to exit all of his net long exposure to equities and also to the FX carry trade.