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…
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…
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…
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…
I wanted to provide a quick Fibonacci Retracement reference guide for short-term levels in the Big Three US Equity Indexes (Dow, S&P 500, and NASDAQ). Without further delay, let’s focus on the key Fibonacci Levels we can incorporate into our trading and analysis: I’ll simply refer to the reference levels in this post – be…
Finally the bulls made their strike – they were ready to pounce after a series of sell-days struck the market. Today’s session was a powerful reversal with bullish action virtually across the board. Let’s start with our S&P 500 Chart and highlight the top trending stocks of the day: Before we discuss today’s session, let’s…
Apple shares (AAPL) continue their triangle or “EMA Compression” pattern as we await an official breakout trade entry trigger. Let’s update our “Triangle Trade” chart from last week and focus on the key trigger-entry levels along with the potential targets to paly for should an actual breakout occur soon. We’ll start with the daily chart:…
Retracement or V-Spike Reversal? So far, buyers aggressively defended the 1,930 index level and now short-sellers may be on the run after an impressive victory – at least for today. Let’s update our S&P 500 chart, note Sector Breadth, and focus on the top trending stocks of the session: Price plunged down away from the…
When assessing the probability of a retracement (meaning the trend will continue) or larger reversal (meaning we’ll see a steep retracement or possible trend reversal), it’s often helpful to look at Market Breadth and other internals. Let’s update our Market Breadth Charts for the entirety of 2014 and note a clear warning sign from NYSE…
Today certainly won’t be remembered as an ordinary, average day! At mid-day, stock prices are collapsing in a liquidation swing as sellers broke price under a key support level (opening the bearish pathway we see now). Let’s update our S&P 500 chart and highlight the top trending stocks of the day as usual: We saw…