Oct 7, 2014: 10:27 AM CST
Might Bitcoin be setting up a spike-reversal from an arc trendline pattern into support?
There’s no guarantee but let’s study the pattern and note the key levels to watch for a possible breakout here.
The chart above shows the Bitcoin/US Dollar pair and notes the stratospheric, emotional rise from the 100 level to the late 2013 peak ten times higher near 1200.
From there, we see a stable downtrend and reaction lower which was interrupted by a rally phase in May 2014. Continue Reading…
Oct 6, 2014: 1:37 PM CST
Today’s session has been a reversal range session between clear boundaries.
Let’s start with our S&P 500 Chart and highlight the top trending stocks of the day:
Price rallied up into the key inflection (target) near 1,980 and turned sharply lower after the opening gap.
However, price found support as buyers rushed to support the market at the 1,960 pivot, creating a “neutral” zone between 1,960 and 1,980.
A clean breakthrough impulse above 1,980 continues our “Repeat Pattern” outcome, which you can learn more about from our morning update post.
At the moment, let’s continue our practice of market neutrality (range) or else a bearish breakdown bias under 1,960 (or breakout/higher timeframe trend continuity trigger above 1,980). Continue Reading…
Oct 6, 2014: 10:32 AM CST
Will a consistent pattern repeat for the fourth time in 2014 (propelling the market to new highs) or will stocks fail into their current resistance level?
Let’s take a quick look at the current S&P 500 and plot these price pathways as our guide.
Let’s focus first on the “Repeating Pattern” of 2014.
I’ve been highlighting this pattern to members and so far, we’re seeing a textbook “Pattern Repeat” scenario.
Note the three highlighted areas where price fell sharply under the rising 50 EMA (blue) only to be halted forcefully by an intervention wave of buying pressure that stopped the decline and triggered a short-squeeze.
A “Short Squeeze” occurs when sellers enter the market and then are forced to buy-back to cover losing positions when price unexpectedly (to them at least) rises sharply through resistance which triggers their collective stop-losses. Continue Reading…
Oct 4, 2014: 11:55 AM CST
I’m excited about a special opportunity Monday afternoon to join a panel and discuss the current market and potential opportunities (and direction!) of the S&P 500.
The panel is hosted by David Kosmider of TradingResearch.com and we’ll be joined by Sean McKisson of 360WallSt.com.
This is a free and open event for all and will take place at 1:00pm EST / 10:00am PST.
Details and more information – including registration – are provided at the following link (click here).
Here’s a few more details about the discussion:
The panel will discuss this critical phase of market and how to avoid the risks to come. As well, you’ll discover where they see the best opportunities.
Click here to learn more and sign up!
Each week, TimingResearch surveys a large and diverse group of traders to get their thoughts about current market conditions.
Next they use proprietary formulas to distill that knowledge into a weekly report that comes out on Sunday afternoons, and publishes it for their members only.
Date and Time:
- Monday, October 6, 2014
- 1PM ET (10AM PT)
Thanks to David for the opportunity and I look forward to seeing you there!