Gold prices have been featured prominently in the news lately, with the strong run-up into the $1,225 level and then the quick decline back to $1,100. Let’s pull the perspective back and look at monthly gold prices to see a possible replay of a pattern that has formed twice in the past… each time forming just before a pullback in price.
A new website has recently launched, called “Investimonials” which seeks to provide a wide list of resources and user feedback on those resources, which span from blogs, websites, brokers, newsletters, DVDs, books, and more for both the trading and investing community. The site is geared toward providing a forum for discussion and ‘user reviews’ of…
As we approach the middle of December, let’s take a look at how gold prices have performed year-to-date and what specific level to watch here for clues as to the short-term future of gold.
Sometimes it can be helpful to pull our perspective back and focus exclusively on price without any indicators to get a better read on the current trading conditions of the market – that is particularly helpful right now as we remain mired in a month-long trading range.
This morning, I had the honor and pleasure of joining Charles Kirk and members of the Kirk Report financial website for an interview and strategy session. I wanted to provide the link to the full transcript of the interview which is now available to read at your leisure.
A reader brought to my attention the intraday stock price of Network Appliances (NTAP) and I wanted to show its near-perfect example of a Rounded Reversal intraday structure transition. Let’s see it on the 15-min frame.
Today’s article for the Technician’s Edge column at GreenFaucet.com is on the recent early Trendline Breaks on the US Dollar Index.
I highlight the positive reversal breaks in the 50 day EMA, along with a short-term and long-term break which could have short-term… or even major implications going forward.
We’ve all been discussing and trading within the recent “Trading Range” between $111.50 and $109.00 on the SPY (1,110 and 1,085 on the S&P 500 index) but I wanted to take a closer look to show some of the repetitive patterns within the range itself.
Adam Hewison released another timely update video this morning entitled “Is the S&P 500 Getting Ready to Skyrocket… or Collapse” which makes a similar conclusion to what I’m finding in my charting regarding the recent tight trading range forming underneath the key 50% “Bear Market” Fibonacci level. (Clicking the chart opens the video) The video…
I wanted to highlight another ‘intraday confluence’ Fibonacci post to show the confluence resistance that came together at the morning $110.00 high in the SPY as a good educational example of “quick” Fibonacci trade concepts. Let’s see it: