I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
When doing ETF scans, I came across three “Rocket Arc” Patterns I wanted to share with you. Let’s take a look at these three “Rocket Arc” Patterns in these country-based ETFs following Greece. We’ll start with a “Perfect Arc” Pattern in Germany iShares (EWG): I like the “Arc Trendline” or “Rocket Arc” Pattern because it…
Markets got a rough start to the week with a gap-down and trend day lower as Risk-On Money Flow took over following bearish news from Greece over the weekend. What’s going on now and what levels are important? Let’s see: Here’s a key strategy planning quote from last night’s members-only update: At times like this…
With bearish news about Greece hitting the markets this weekend, money flow quickly shifted in our intermarket landscape. Let’s start the week with a quick “Quad-Market Update” on where money is flowing and where price is headed at the moment. Here’s our “Quad-Market” Grid: For now, let’s start with the four markets in our grid…
With fears increasing that “all may not go well” with Greece over the weekend, markets dropped and gapped lower to start the new trading week. At the moment, the US S&P too simply achieved an expected downside support target. Let’s highlight this target and place today’s news within the context of the larger Range Pattern…
So far, price is repeating a pattern that we saw yesterday. Both sessions saw rallies up off a key support level, only to see price break and collapse under this level mid-day to continue the sell-swing (retracement) on the higher timeframe. What’s going on now and what levels are important? Let’s see: Here’s a key…
After yesterday’s Trend Day Down, price stabilized at support into a morning Range Day. However, mid-day we’re seeing an instant breakdown under support which calls our attention. What’s going on now and what levels are important? Let’s see: Here’s a key strategy planning quote from last night’s members-only update: “…[P]rice would be slightly more likely…
On the short-term frame, Gold trades within a well-defined rectangle trading range. Traders can continue playing “Ping-Pong” range-fade trades as long as price bounces between clear support and resistance levels. However, let’s pull the perspective up to the weekly frame to note just how important our current levels have become and what may be the…
Logic suggested a downward swing away from resistance today and that’s precisely what we saw. What’s going on now and what levels are important? Let’s see: Here’s a key strategy planning quote from last night’s members-only update: “Using that logic, our RANGE CONTINUATION Dominant Thesis – as yesterday – will call for trading the market…
Let’s take a moment to update our “Color Structure and Price Trend” charts of our big three US Equity Indexes as we push toward the end of June 2015. As usual, we’ll start with the S&P 500 Index: When we refer to “Price Structure,” we’re referencing the specific series of highs and lows that builds…
Which three “Top Stocks” in the S&P 500 with Rising Wedge price patterns are we highlighting? Let’s take a look at the pattern and these three big names from our scan: We’ll start with MasterCard (MA): The Rising Wedge pattern is also called the “Bearish Rising Wedge” pattern, but the pattern ONLY takes a bearish…