A few readers have asked me to post on the current state of the EURUSD FOREX pair, and indeed there’s something interesting going on here and it’s definitely worth a look.
Let’s see a long-term structure chart along with the key level to watch in the pair as we form positive divergences at the 61.8% Fibonacci Level – a very important inflection point for sure.
I discussed a bearish pattern forming in Google for today’s “Technician’s Edge” column at GreenFaucet.com. The full post is entitled “Google (GOOG) Forms Ominous Bearish Signals,” and I wanted to share a few charts showing these developments. First, let’s start with the Weekly Chart: The main idea is that the 20 week EMA rests at…
Silver prices are forming an interesting potential reversal (or downside continuation) pattern that’s worth a look, as we’re coming up into the key resistance level that will make or break the current short-term bear flag pattern that has formed within a larger term “rounded reversal.”
The market gave us another classic example of the importance of monitoring price along with something else, such as a market internal or key indicator.
In this case – February 22 – I wanted to show today’s lesson of how a “Rounded Reversal” pattern formed alongside positive and negative TICK divergences, and how this set-up some great opportunities… so that you’ll be better prepared the next time a similar set-up occurs.
I wanted to invite you to a special webinar event I will be conducting Wednesday, February 24, 2010 just after market close at 4:30 EST / 3:30 CST entitled “Trading Intraday Momentum and Market Internal Divergences,” sponsored by Trader Kingdom and Mirus Futures. While divergences can produce powerful signals of a likely market turn ahead,…
Updating a similar theme from the end of last week, a current ‘updated’ view of market internals of the S&P 500 show further deterioration, which underscores the heightened probability – but not certainty – of a market correction this week.
This week’s edition of the Disciplined Investor’s “Indicators We are Watching” focuses squarely on an issue I’ve been monitoring closely as well – that of the “strangeness” of the current market rally on declinging volume and market internals. This week’s post is entitled “The Low Volume Rally is Suspect,” and Andrew Horowitz shows a quick…
Starting now until March 2nd, Elliott Wave International is making available the current (data through January 28, 2010) Global Market Perspective for a wide array of markets. It offers a free glimpse into the method EWI uses in their membership publications, and allows you to view the current 100 page updated report which covers: World…
Maybe you’re asking the same question as I am: “How many times will the SPY repeat the same script/pattern?”
What pattern is that, you ask? Take a look at my prior post:
I wanted to share two recent, clear examples of how to project a final price target to play for from a symmetrical triangle pattern formation.