A Wider Emini Fib Grid for April 4

The US Stock Market (S&P 500) is facing a major challenge at resistance, and what happens here likely sets in motion the next swing and opportunities for the market. Let’s highlight this level, note why it’s important, and update our targets from here. Here’s the simple Weekly Chart of the S&P 500 Index: We’ll keep…

On a day where roughly 485 of the 500 S&P 500 stocks declined on the session, let’s take a quick look at these rogue names that bucked the broad selling pressure today. The following warrior stocks actually advanced on today’s 40 point rout (325 Dow Points): I arranged the stocks by Sector – note that…

With the S&P 500 at all-time highs, what are internals revealing “behind the scenes” of the market? Let’s take a quick look at price with internals in motion: For reference, we’re seeing the S&P 500 index with three key Market Internal symbols underneath: $ADD = Breadth or NYSE Advancing Issues minus Declining Issues (Advancers –…

Now that the United States has a new President Elect – Barack Obama – let’s take a current look at the Dow Jones average and take note of the current counter-trend retracement rally up into potential resistance areas ahead… and view an interesting triangle pattern that occurred early last night in the futures market. First,…

Yesterday’s rally continued into today’s session though price fell shy of the full touch of 2,100. What levels are we focusing on now? Let’s see! First, be sure to view Monday’s “Thrilling, Non-Stop, Exciting Trading Range of 2015” for context. After an initial – and logical – sell swing down against 2,090, price held support…