Sell Signal on SP500 Monthly Chart?
June’s monthly candle closed with a ‘doji’ at Fibonacci resistance – that’s a bearish development as we start the new month of July. Let’s take a look at the S&P 500 monthly chart to see its current structure.
Massive TICK and Breadth Divergence on SPY Intraday
I wanted to share with you something I’m paying particular attention to – the TICK, Breadth, 3-Push Momentum Divergence, and Volume Divergence we’re seeing at these intraday levels in the SPY (and other US Market ETFs). Let’s take a quick look to see what this might mean so that we can be prepared if prices start falling from these levels.
Current Fibonacci Confluence Grid of the SP500 June 23
Here is an updated, ‘zoomed-in’ chart of the current Fibonacci confluence retracement grid of the S&P 500:
Trend Day Down Lessons from June 22 SPY
Each day I write a ‘daily summary’ I call my “Idealized Trades” reports (which will be available for subscription by next week) and I wanted to highlight a few lessons from today’s (June 22, 2009) intraday Type III “Trend Day Down” in the SPY 5-min chart.
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.
Watch this Price Level in Copper – Monthly Structure
Copper prices are coming into an interesting confluence on the Monthly Chart. Let’s draw a large-scale Fibonacci Grid and also note the EMA structure on Copper’s Monthly Chart.
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.
CRB Index Video – the #1 Indicator of Inflation
Adam Hewison released another informative video today on the CRB – Commodity Index, this time focusing on multi-timeframe “Trade Triangles” and specifically why he prefers to use this particular basket of commodities as has favorite barometer of inflation. In the introduction to the video, Adam writes: “One of my favorite indicators for large cyclic trends…
Long Term View of the Nikkei Crash Which is Still Crashing
A reader asked me to take a longer look at the Nikkei Index, which stemmed from my prior post “NASDAQ and Nikkei – Is History Being Remade?” The following post is an added to show that longer term perspective which shows a massive rise followed by a massive decline – perhaps more shocking than many people expected with the index roaring at all time highs just over 20 years ago.