I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
We’ve all been hearing conflicting analysis as to whether the market will “certainly” be going up or down in the near future, but the reality is that the market is caught in a “year to date” tug-of-war between buyers and sellers which has given us clear reference areas to monitor. Let’s cut through all the…
If you’ve been following the US Dollar Index over the last few weeks, you’ve probably noticed a clean triangle-style consolidation phase setting up. Let’s take a look at the recent pause, note the dominant boundaries, and assess the higher timeframe structure in the context of the consolidation. First, the US Dollar Index – Daily: The…
I’m assuming most traders were surprised at the recent power-rally in the US Equity Markets recently. However, taken into the larger context or perspective, this rally formed off major “Make or Break” Confluence Support as best seen on the Weekly Chart. What started as a simple “retracement” buy-in has ignited a powerful “Positive Feedback Loop”…
Intraday traders must take into account volatility cycles when using the TICK intraday for trading decisions. An intraday TICK reading of plus or minus 1,000 – often a trading entry or exit signal for some traders – means different things at different times in terms of the volatility cycles of both the market (high or…
There seems to be a clean pattern repeating itself today that developed exactly one year ago which I’m finding interesting. Let’s take a look at the pattern then, compare it to now, and over the next few weeks, see if the current future pathway of the pattern plays out as it did back in July…
Well this is certainty a very interesting predicament – the Daily Charts of the three major US Equity Indexes are all showing EMA compression. Short-term daily moving averages are falling as long-term averages are rising, and price is distinctly trapped BETWEEN these averages that are on a collision course with each other and price will…
Ever since observing positive momentum and internal divergences at the 1,260 level (200d SMA), the upside target for the S&P 500 has been a retest of the 1,300 level. One could say the test happened today, and the current structure reveals now a negative internal (and momentum) divergence situation into this target resistance level, giving…
Do you know how to quantify price structure? It’s not a difficult concept at all, yet many traders miss the benefit of taking a moment to assess objective price structure in the context of a developing trend. Doing so allows you to assess objectively the next likely swing, and thus the most probable trading strategy…
I’ve been monitoring the changing structure in the US Dollar Index recently, and there is a very critical index level to watch that will signal an official, structural trend reversal on the larger frame. Let’s take a look at the current price structure and highlight the critical level that will objectively redefine the prevailing trend….
Traders in general are watching critical daily confluence support levels very closely this week – and so far the levels are holding into Friday. Let’s take a quick triple index fly-by check on the key daily support levels and plot out likely scenarios. First, the S&P 500: The main idea at the moment is that…