Per multiple reader request (thank you to all my followers in India!), I am updating my analysis on India’s “Nifty 50” Index, beginning this week with the long-term 10-year Monthly Structure.
Let’s take a quick look at a possible large-scale Elliott Wave count and also a Fibonacci Confluence (three price levels) chart on the monthly timeframe – a key turning point may be ahead soon.
It’s being broadly circulated around the analysis circles, but there appears to be a distinct Head and Shoulders forming on the daily chart of the S&P 500. I’m picking up volume and momentum divergences as well, hinting that lower prices are yet to come but let’s take a look at these structures and what they might mean for traders.
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.
During the Los Angeles Traders Expo in early June, I participated in an interview session with Karen Gibbs and the crew from the MoneyShow.com Studio. These brief, 3-minute segments are now available at the MoneyShow.com website and I wanted to share the collective links to each interview. 1. Trade From the Big Picture Karen and…
Adam Hewison released on of his most descriptive video updates on the S&P 500 this morning and I wanted to share it with you to keep you in the loop as usual. In this video – which I honestly deem to be among his best – Adam describes a two-month cycle that is peaking (I’m…
Today, at 12:00pm EST / 11:00am CST, the MoneyShow.com will be hosting a free, live chat and rebroadcast of my presentation “Idealized Trades for Intraday Traders” as part of their Webcast series. In the hour-long seminar, I discuss how to distinguish between a Range Day and a Trend Day in formation (early identification is key)…
I was taking a look at Apple (AAPL) and Research in Motion (RIMM) and spotted something I wanted to highlight to you. Adam Hewison just released a video entitled “RIMM vs AAPL: An Update” which got me looking at both of these charts, which led me to an confusing conclusion.
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.
I had the honor of participating in a lengthy interview with Tim Bourquin of TraderInterviews.com and I wanted to provide the link that is now posted for you to click over and hear the full interview for free. Tim is the Co-Founder of the highly popular Traders Expo – three conferences each year that bring…
In a unique chart interpretation, Adam Hewison of Market Club released a video today that describes what he calls “Energy Fields” on the Gold weekly chart and what they might mean for the next move in gold. It’s a free four-minute video that is applicable to all who follow or trade gold.