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:
Amgen AMGN Cannot Overcome Confluence Resistance
A reader asked me to take a look at Amgen (AMGN) due to an interesting pattern he noticed. Let’s look at the recent “Rounded Reversal” as well as the failure at the confluence overhead resistance of the 200 day SMA and the 61.8% Fibonacci line.
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.
TNX Ten Year Yields Monthly Time and Price Structure
I found an interesting series of patterns in the 10-Year (TNX) Treasury Yields that I thought I would share with you. Let’s look at the Monthly chart and see these equal moves and then see the confluence Fibonacci that’s setting up right now.
Ideal SPY Bear Flag Completes Intraday with Lessons
Just a moment ago, an ideal bear flag trade completed on the intraday chart of the SPY. Let’s take a quick look at it and learn how Fibonacci could have helped time entry into this trade.
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.
Gold GLD Comes into Support Plus Intraday Views
Here at the Trader’s Expo, there has been a lot of talk about gold, particularly with the volatility of the last two days. GLD (Gold ETF) has pulled back into a possible confluence support level – let’s see it and also see the volatile Trend Day Down, Trend Day up, and Friday’s morning gap action on the intraday charts.
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.
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.
Update on the Gold Market May 21
Just as I was about to post an update on the Gold Market and the subsequent recent breakout, Adam Hewison also released a video update which I’ll add to this update.