Intraday traders had a great example of the “Three Push” pattern complete with multi-swing negative divergences into an overhead “Round Number” resistance level in Gold. Let’s take a look at how the classic pattern set-up and learn the trading lessons from this event: First, let me say that REVERSAL style trades (like this) are inherently…
We’ve all been trading in a high volatility market, but how does the current surge in volatility compare to the past few surges in volatility since the 2007 market peak? Let’s take a look at what’s happening now and put it in the context of 2007 to present in the S&P 500: To measure volatility,…
It’s been a few months since we’ve had to concern ourselves with the large-scale Fibonacci Retracement Levels of the entire bear market phase, but today brings in the 50% retracement back to the forefront. Will it hold? And if not, where is the lower level? Let’s review our long-term Fibonacci Grid: Starting with the October…
When markets turn volatile, it’s often helpful to pull-back the short-term perspective to the bigger picture of chart index levels and previous developments. Let’s take a quick moment to view the “Bear Market and Recovery” perspective in the S&P 500, Dow Jones, and NASDAQ Indexes. I wanted to focus specifically on two structural levels across…
As we await the Friday Non-Farm Payroll “Jobs” Report, let’s take a quick check-up of the main reference levels to watch in the cross-market landscape at the moment. Let’s draw our attention to the S&P 500 and then see how the intermarket environment rests currently: Instead of spending a great deal of time on the…
Intermarket analysts look to the relationship of the Bond and Stock Markets for clues of future moves in these markets, paying close attention to leading signals when they occur. This week gave us a firm breakdown in the Ten-Year Treasury Note Yield which resulted in a subsequent break-out in Bond/Note prices, such as in TLT…
Well, here we are at the well-known Make or Break chart support at Dow 12,000. This is what I mean when I say refer to critical chart reference levels to make objective sense of all the good and bad – often confusing – economic/political headlines affecting the market at the moment. It’s really as simple…
Traders across the board were thrown for a nauseating loop as we transitioned from the cross-market excitement on Sunday evening that a deal was reached. That excitement turned to panic as Monday’s market opened, reversing the optimistic gains into sudden “collapse” losses. Let’s take a look at some of these moves and see what happened,…
I’m one for keeping market structure as simple as possible, and there are two major confluence support levels we need to be watching very closely that have been important market reversal points in the past, and we currently sit atop both of them. What are they and what do they mean for the current state…
With all the headlines/news out there, how does one make sense of the current stock market landscape? I suggest thinking of the current market – at least from its chart perspective – in terms of the dominant Price Range boundaries in terms of Value Areas. Let’s start with the simple “Value” Chart of the Current…