With today’s price action breaking a characteristic behavior of the prior four short-term swing highs in the S&P 500, let’s take a look at those four prior peaks and what the same and what’s different about the current ‘peak.’
With price resembling a “Measured Move” pattern – a type of loosely defined flag pattern – let’s take a look at the full price projection target off the March lows for both the S&P 500 and the Dow Jones Index… which are now mere points away from a full move.
Let’s take a quick flight around the globe to view the weekly charts from the peaks in 2007 to the present recoveries in the broad stock market indexes of India, Brazil, and China to see how far an index fell and how much it has recently recovered.
Adam Hewison is back with two more quick update videos on two critical markets – the Dow Jones Index and Gold. In respect to the Dow Jones and S&P 500, Adam published a video entitled “Two Forces are About to Collide,” in which he discusses the important 50% Fibonacci retracement level and a long-term trendline,…
With the current rally progressing on lower volume, I thought I would take a moment to look back at a few historical market tops – or prior to deeper pullbacks – to see how volume behaved just prior to the top.
Let’s see five historical peaks in the Dow Jones Index and pay special attention to the trend of volume prior to these peaks. Each chart was created with TradeStation and you can click to zoom-in on the chart.
Platinum Prices? What does that have to do with stocks? For one, the recent price pattern in Platinum resembles the recent ‘run-ups’ in stock prices.
Let’s take a quick look at the daily chart of platinum futures (index) to note the negative divergences setting in under the recent 2009 price highs and levels to watch to confirm a turn… or trend continuation and over-ruling of these pesky divergences.
This week has confirmed a bullish breakout in Wal-mart (WMT) stock prices from a 1-year weekly triangle formation starting in September, 2008. Let’s take a look at this bullish price break on the weekly chart.
Looking inside the most recent short-term moves in the broader market, we see a stellar signal from reading volume alongside with price.
Using classic volume interpretation methods, we can only come to one conclusion – volume insights are sending a bearish non-confirmation signal as the market grasps at recent highs, and either volume is going to have to pick-up (increase) to keep this rally going… or else price is going to have to fall via the signals from the “Voices of Volume.”
This morning’s action gave a great example of the “Divergence” lessons, in that dual TICK and Momentum divergences can forecast intraday price reversals of either short or intermediate term degree. Let’s take a look.
Today’s intraday price action gave me a chance to show you two specific Fibonacci Retracement grid examples of how to use the “Fibonacci Retracement” tool to find potential trade entries or reversals in price. Let’s take a look at them and learn how to use this tool.