I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
Here is the most recent update of the Gann Prices and Andrews Pitchfork Tool post series on the S&P 500. You’ll probably find something interesting about yesterday’s bounce price. (Click for full-size image) The horizontal green trendlines are Gann Squares prices originating off the March 6 2009 low. Price peaked in April just above the…
At least, hopefully temporarily. In a quick update, I wanted to show the fall-out of the mini-crashes that rocked the world of inter-market analysis on July 1, 2010. What a way to start the official second half of the year. (Click for full-size image) Earlier this morning, I reported on the Negative Divergences and Top…
We all were watching the 1,040 level on the S&P 500, and when it broke, traders reacted as expected: Bears pounced and Bulls ran for the exits. If you’re asking yourself why we bounced so hard this morning, then you didn’t see the ‘hidden’ defense price via a large-scale Fibonacci Confluence. There’s never a guarantee…
There’s something I’ve been observing on gold’s daily chart which is worth sharing – namely it’s the strange technical (chart) position of the “top-heavy” feel of the price, a terminal short-term Elliott Wave Count, and a lengthy negative divergence at the recent highs. It’s not as complicated as it sounds. Let’s see them all: By…
The Euro/Swiss Franc (EUR/CHF) FOREX pair has collapsed over the last few months, and this is something many traders are not seeing. Let’s take a look first at the long-term strong positive correlation with this FOREX Pair and the S&P 500 – stretching back to 2000 – and then look at the recent collapse –…
Is it too early to write the obituary for the stock market? Today the S&P 500 closed under 1,040 – the major line in the sand between bulls and bears. Let’s take a quick look at this development and why this level is so important to monitor – we’re all watching it. The Break: ….
We shouldn’t be surprised at all that buyers stepped in to support the market here at the critical line in the sand at 1,040 in the S&P 500. Now, with a bounce underway, let’s take a look at the market internals and the “finger” spike as they exist mid-morning on the day after the crash….
After a major event in the market, I like to take the evening and assess what happened and what little bits of information stick out that other people might be missing. Let’s take a look at some of those bits of information and market facts as the dust settles from Tuesday June 29th’s mini-crash. First,…
Over the last year, I’ve been updating charts comparing today’s market to the Crash/Recovery phase from the 1929/1930 period. In the most recent update, I showed a “Haunting Look at the 1930 Crash/Recovery Phase” and this post is an update of that “haunting” chart, but this time with a larger chart and a direct side-by-side…
In last night’s report, I highlighted the symmetrical triangle formation on the intraday charts for the S&P 500. Interestingly enough, this morning’s sell-off in the futures resulted in the triangle price projection target being hit before the market opened, in another example of the market hitting a price target overnight. Those are always interesting and…