Andrews Pitchfork Chart of the SP500 June 18
I thought it might be interesting to post the current Andrews Pitchfork chart of the daily S&P 500 to see what that tool might be indicating.
The Potash POT Plunge of June 17
Potash (POT) fell 11% on June 17th, slicing through daily support and inflecting down off the 38.2% weekly Fibonacci retracement. Let’s see all this up-close and learn a few lessons from this price movement.
Elliott and the Recent Down Move in SPY 15min
I mentioned last night in a lesson/example on intraday Elliott Wave that a fractal 5-wave structure had completed. If we look up to the 15 (or 30) minute intraday charts, we see another ideal example of the expected Elliott pattern. Let’s see it as another example to try to learn this concept of how momentum lows and divergences fit into an Elliott pattern.
Intraday Elliott Wave and Flag Lesson in SPY June 16
What a day! Let’s learn a few critical lessons from today’s trading activity, particularly in regards to how Momentum fits into Elliott Wave, how bear flags are confirmed with dojis, and more!
TNX Ten Year Yields Monthly Time and Price Structure
I found an interesting series of patterns in the 10-Year (TNX) Treasury Yields that I thought I would share with you. Let’s look at the Monthly chart and see these equal moves and then see the confluence Fibonacci that’s setting up right now.
Ideal SPY Bear Flag Completes Intraday with Lessons
Just a moment ago, an ideal bear flag trade completed on the intraday chart of the SPY. Let’s take a quick look at it and learn how Fibonacci could have helped time entry into this trade.
The Pullback Flag Retracement in Google GOOG
Google (GOOG) formed an interesting pullback retracement to the rising 20 day EMA, forming a possible Bull Flag in the process – let’s look at it in more detail.
Server Upgrade and Migration
A note from Corey – over the weekend, we will be upgrading to a dedicated server/webhosting and the site may be down sporadically during that period. We will soon be offering a daily and weekly subscription service (click to read more information) as well as a free education resource on technical analysis and trading. Suggestions…
Dow Theory Nonconfirmation in Transports and Industrials
There’s interesting chatter in the “Dow Theory” community as to whether we’re experiencing a non-confirmation in the Industrials and Transports currently – namely, the Industrials are at a new high for 2009 and are above the 200 day SMA while the Transports are not. Let’s take a look at both.
Momentum Divergence and Elliott Wave Mark Intraday High June 11
I’m going out on a limb here and saying that the intraday high for June 11th is in place, thanks to a Negative Momentum Divergence and Elliott Wave “5th Wave” Terminal Target. Let’s see these on the chart before today’s close.