Inside the Descending Triangle in the SPY SP500
The dominant short-term pattern on the S&P 500 (and SPY ETF) appears to be a consolidating descending triangle. Let’s take a look at the pattern on the 60 min and daily charts.
Weekly and Daily Look at Crude Oil May 28
A few readers have asked me to take a look at crude oil, so let’s look at the larger weekly structure and then see what insights we get from the daily chart.
Weekly Comparison Charts of Ten Year Yields and SP500
With the recent rally in 10-Year Treasury Yields (falling note and bond prices), I thought it would be a good idea to show you the trend comparisons between the Yield and the S&P 500 – it’s more aligned than you might think.
MidWeek Color Bar Chart of the SP 500
Some readers enjoy seeing my “color charts” of the S&P 500 and here is a mid-week “Color Bar” update on the S&P 500 Daily Chart structure.
Robert Prechter’s 40 page eBook on Gold and Silver Available
Elliott Wave International president Robert Prechter recently released a free 40-page ‘eBook’ on the Gold and Silver Markets which is now available for download.
Weekly Comparison Structure of the Dollar and Gold May 27
Per reader request, let’s take a quick look at the US Dollar Index and the Gold Market on a 3-year weekly chart basis, noting key Fibonacci levels and possible long-term targets.
US Dollar Index Completes Bear Flag as Expected
The US Dollar Index completed its large-scale Bear Flag on the Daily Chart and I wanted to highlight this development to you and discuss what it might mean going forward.
17 Week Cycle Observed in the S&P 500
Is there a 17-week cycle operating in the S&P 500? Adam Hewison shares his insights in a recent video which was very interesting to me, as most traders don’t analyze cycles as easily as they do other technical indicators.
Lessons and Analysis on India’s Nifty Index May 25
Along with many other traders, I have been impressed with the strong action in India’s “Nifty 50” Stock Market Index lately. Let’s take a look at the daily and weekly chart to see the structure and learn some valuable quick lessons.
SP500 Consolidates in Tight Range
After an amazing run-up off the early March lows, the S&P 500 is finally pausing to consolidate some of those gains. Let’s take a look at the current triangle consolidation forming and note key levels of support and resistance going forward.