If you are a swing trader, it can be helpful to drop to the intraday or lower frames to assess the current structure and indicator combinations to plan your next plays. Of course, intraday traders will be keenly aware of the indicator signals and key levels, but it can help to put your market in…
Let’s take a moment to update the long-term and short-term Fibonacci Retracement grids for the S&P 500, taking note of which levels are in play at the moment. For that, let’s start with the larger Weekly Chart perspective: These levels are the dominant Fibonacci Retracement Levels against the 2007 Bear Market decline. I highlighted regions…
From a chart perspective, the big news is that the main US Equity Indexes continue to trade within the clear trendline boundaries of a parallel trendline channel. Let’s take a quick look at the new boundaries and structural levels to watch after another successful week in the pattern. First, the S&P 500 Daily Chart: As…
We’ve been following the long-term Support Shelf in Gold near $1,550 along with the declining “triangle” trendline, awaiting the possibility for a breakout in gold prices. What started as an initial triangle break seems to have stalled at the first resistance target, so let’s update the charts on Gold and highlight the key area on…
I wanted to invite you to join us at the World Money Show in San Francisco which will take place August 24 – 26, 2012. The Money Show is a great opportunity for investors and traders of all experience levels to come together and learn new strategies or techniques, as well as network with each…
As we update the current picture of the S&P 500, we find that not much has changed from last week’s mid-week update, at least in terms of the “Bear Flag” Trendline Boundaries. Let’s take a quick look at the current SPX price pattern boundaries and how to develop a game-plan. Refer to the previous “July…
We’re hearing much talk about the potential Bear Flag pattern on the S&P 500 Daily Chart. Let’s take a mid-week update on the pattern and note the current key price boundary levels to watch for clues. First, here’s the S&P 500 Daily Chart trendline structure: Moving from right to left, we see the current “Bear…
The current consolidation pattern in gold continues, yet the boundaries are narrowing ahead of an expected breakout from the structure. Let’s start with the larger Weekly Chart picture and then highlight the key levels to watch going forward: A simple price chart reveals the primary uptrend that was interrupted with a year-long retracement during 2008…
The S&P 500 currently rests near a midpoint of the recent swing high and low, but there’s a key support level we’re watching for clues as to which level to target next. Let’s update the current S&P 500 near-term support and structure chart, starting with the Daily Frame: Keeping the chart as simple as possible,…
With half of 2012 behind us, let’s take a quick check of what the Sector Rotation Model is suggesting, both from a Year-to-Date perspective and from the 2012 peak so far. First, let’s update Sector Performance Year-to-Date: The Sector Rotation Model classifies the major sectors into two broader categories: Offensive or “Risk-On” Sectors (such as…