I wanted to show a quick chart that tracks the progression in terms of S&P 500 Market Structure moving from clear to unclear – from stability to instability. Let’s see what I mean starting with the 30-min intraday structure of the S&P 500: Market Structure give us a quick glance of the progression and strength…
With the S&P 500 recently breaking to new recovery highs above 1,474 and continuing unopposed to the initial 1,500 target, I thought it would be a good exercise to chart prior S&P 500 breakouts to new recovery highs and look at the outcome of these events. Starting with the 2011 breakout above 1,220, there have…
Continuing the series of research posts on the NYSE TICK for intraday and short-term traders, let’s take a look at the breakdown of intraday TICK highs and TICK lows from 2008 to the start of 2013. This continues the logic of interpreting a TICK value in terms of current volatility and average readings, as opposed…
As we turn the corner into 2013, there are four main AMEX Sector SPDR ETFs that have exceeded and trade well above their 2007 “Bull Market” high. Two ETFs are in the “Offensive” Sector while the other two are in the “Defensive” Sector, which makes an interesting situation. Let’s take a quick overview of these…
After some volatile action, Apple (AAPL) prices have settled within a short-term trading range or descending triangle pattern. Specifically, prices have bounced between a key support level and falling daily EMAs. Let’s update our current Apple charts and note these short-term levels along with the Weekly Chart Fibonacci and potential targets should Apple break free…
If you use the NYSE TICK (or related Market Internal) in your trading decisions or analysis, it’s important to note changes in the indicator that occur as a result of volatility. In other words, a registered TICK reading of plus or minus 1,000 (a popular level) means one thing in a low volatility environment and…
As we start 2013 with the news that the so-called “Fiscal Cliff” is solved (or at least averted), let’s turn our attention to the Dow Jones, S&P 500, and NASDAQ charts to note current uptrend structure and possible upside targets for a continuation of the rally. Let’s start with the bigger picture of the S&P…
I wanted to update the structure of the S&P 500 from last week’s “Rising Range Trading Tips” post and also focus on the key reference level as we close out the last week of 2012. Here’s the “Rising Range” Structure update: Last week’s post saw the S&P 500 into the 1,450 upper trendline and we…
The S&P 500 Index began trading in a Rising Range pattern as we turned the corner into December and so far has continued bouncing between the trendline boundaries of the pattern. Let’s take a moment to learn a key trading lesson from recognizing and trading this popular price pattern – the tip is to drop…
I wanted to do a quick update on the current support/inflection level on the S&P 500 which could set the stage for the rest of the trading week. Let’s look at the Daily “EMA Confluence” level along with the hourly intraday rising trendline pattern. In simplest terms, the key level we’re monitoring is the 1,410…