Friday’s action gave us one of the best examples of the ‘Rounded Reversal’ Day Structural developments. Let’s take a quick look at both the intraday SPY 5-min and 1-min chart and use this day as an educational reference of this concept.
I wanted to point out a clean idiosyncrasy in the current S&P 500 chart of the last three months – almost with awe.
This cycle has held up so far, and it’s allowed me to call successful predictions recently upon recognizing it earlier.
If the cycle repeats, then you have a clear roadmap to the near future. Let’s see it and watch as to whether or not the cycle repeats into the end of November.
With Dell’s earnings disappointment this morning, let’s pull the perspective back to the weekly timeframe to put this drop into perspective, and then look at a confluence resistance zone overhead… as well as a confluence support zone underneath. Which will hold?
In a special update from Las Vegas, let’s look at this week’s “Editor’s Picks” from the NewsFlashr Business Blog site: 1. An excellent bookmark and reference page from Darwin’s Finance: A List of Every ETF Known to Man 2. John Forman of the Essentials of Trading addresses a reader question on “Market Makers and the…
Great news! If you are unable to attend the Las Vegas Traders’ Expo, the staff at MoneyShow.com will be recording my presentation (along with many other free presentations from the Expo) and you will be able to view my presentation live … for free! No travel cost, no hotel cost, and no registration costs! On…
November 17th’s intraday SPY (and other Index ETF and futures) action gave us an excellent example of the “Rounded Reversal” structure along with a positive TICK and multi-swing positive momentum divergence marking the absolute low of the day and forecasting an intraday price reversal. Sound complex? Let’s look at it step-by-step.November 17th’s intraday SPY (and other Index ETF and futures) action gave us an excellent example of the “Rounded Reversal” structure along with a positive TICK and multi-swing positive momentum divergence marking the absolute low of the day and forecasting an intraday price reversal. Sound complex? Let’s look at it step-by-step.
Something interesting might be happening in the SPY chart, particularly with regard to the three most recent swing-ups in price – they have all been exactly equal in price moves (so far).
Let’s look at these three symmetrical swings – called “Measured Moves,” – and note the current level and how an exceeding of this level could hint at a shift in market “Character.”
If you’re a big fan of Podcasts and enjoy financial commentary, you’ll likely enjoy the Disciplined Investor weekly podcast series, hosted by Andrew Horowitz. Andrew is a colleague and good friend of mine and he has been a strong supporter of me and my blog, and I wanted to return part of that favor by…
With today’s price action breaking a characteristic behavior of the prior four short-term swing highs in the S&P 500, let’s take a look at those four prior peaks and what the same and what’s different about the current ‘peak.’
With price resembling a “Measured Move” pattern – a type of loosely defined flag pattern – let’s take a look at the full price projection target off the March lows for both the S&P 500 and the Dow Jones Index… which are now mere points away from a full move.