While it seems to take forever for the S&P 500 to choose a plan (correction/bear market or resumed bull) some behind the scenes discussion can be helpful. The market seems…
SPX has bounced to 2080 to fill the gap.
The first bounce has arrived above the 1980 to 2000 support area. 2020 is a former minor resistance area so it too is a minor support area. While I'd expect…
From an update 3 days ago... "Think of the 60 minute as the ignition, but the daily would drive the bus to Correction City..." The 60 min. chart did its…
A quick view of what is happening with our short-term 60 min. chart. SPX bounced to test the broken moving averages and failed in a classic manner. Now comes the…
The sensitive SPX 60 min. chart is still doing its job and that job is indicating that something has happened that had not happened before on the bounce from the…
Updating the would-be signal on the 60 min. chart we reviewed last week. This morning the signal is taking place. An in-day whipsaw is not only possible, but in this…
2 days ago we reviewed a 60 min. chart of the S&P 500, for a look at what could constitute a breakdown of the rally. Here is the same chart…
US Stock Market SPX has now hit and exceeded 2100. This was the rough measurement of the 'W' pattern and with a +/- tolerance, the general upside limit of what…
Click the thing and behold the beauty of it. It's a log scale chart simply because I was fooling around with different views and forgot to change it back to…
S&P 500: Is it This Simple? Excerpted from this week's edition of Notes From the Rabbit Hole, NFTRH 364... In an age of Algorithms, High Frequency Trading, Quant-injected performance engines…
I want to update the charts from the last two updates (GDX, XLE and SPX) and also have some words about the markets overall. GDX hit the first resistance level…
A brief daily chart review... Yesterday GDX continued to follow through on its trend line breakout, which came on volume and was noted in NFTRH 363. This continues to look…
Yesterday in pre-US market, we noted the big picture of the S&P 500, which is technically bearish on the intermediate-term and still up trending on the long-term. We also reviewed…