Author: cjrosen

The question today remains “Will we see an actual bounce or will we see yet another repeat of the end-of-day collapse outcome?” We’ll start with our chart of the S&P 500 for key clues: The pattern has shown us intraday bounces or rallies up off the falling trendline, only to be met with selling pressure…

After failing at two key support levels very recently, the S&P 500 and broader US Equity Markets have one more major support test and potential bounce as another downside target is fully achieved. Let’s see the support target and note the positive divergences developing into this level: We’ll quickly note that the 1,925 price confluence…

At the halfway point today, we’re balancing the odds of another bullish reversal off support against the possibility of a continuation of the persistent selling pressure we’ve seen lately. We’ll start with our chart of the S&P 500 for clues: For additional commentary, see this morning’s update on “Planning Another Possible Intraday Reversal from Positive…

Let’s take a moment to view a “Big Three” Market Internal Chart of the S&P 500 to note yet another positive divergence and possible “intraday reversal” outcome. Here’s the current picture and price pathway: First, take a look at my intraday update post (just like this one) from October 8th which showed a near-identical pattern….

Price continues to trade within an intraday downtrend as the sell-phase continues. There’s a clear pathway developing, but no guarantee price will follow it. Let’s chart the pathway and highlight the top trending stocks of the session: Today we saw a (near) test of the 200 day SMA as I highlighted in this morning’s update….

Both the S&P 500 and Dow Jones Indexes are challenging major support levels that demand our attention. Let’s quickly assess the situation, highlight the inflection points, and adapt our strategies accordingly. The chart above shows the S&P 500 retracing strongly – similar to January 2014 – toward the rising 200 day SMA target (1,900/1,905 confluence)….

One thing’s for sure – the market always keeps us on our toes! The intervention rally yesterday was short-lived as bears once again took a swipe at the market to create today’s intraday reversal (bearish) session. Let’s see what happened, where we’re going, and which stocks may be the best candidates: The same divergences that…

A quick look at our “Big Three Market Internal” Chart of the S&P 500 on the intraday basis suggests another reversal up off support. We’re seeing that at the moment, but the question is “how far will the reversal take price?” Let’s study the situation and plan accordingly: We’re seeing the S&P 500 Chart above…

Price continues its range between key boundary levels, making for relatively low volatility session into support. Let’s start with our S&P 500 Chart then highlight the top trending stocks of the day: Sellers ruled the immediate open this morning but buyers rushed to support the market and prevent a further sell-off by holding price up…