Aces and Eights

SPX and NDX made new all time highs on Friday, and the minimum requirement that we were looking for in the high that is forming here has been met. There is a setup for sharp retracement from here, though it’s very much still in the inflection point still, and I’ll be showing you on the […]

The Times They Are A Changin’

2017 is likely to be an interesting year, and the tape has already shaken off the December cobwebs and is moving again. On the bigger picture the chart below is how I’m seeing SPX on the monthly chart here, and the key message is that the bull market from the 2009 low here is most […]

The Inchworm Cometh

I didn’t manage a post in RTH today, but I thought I’d use this opportunity to do an after-market post looking at the strong resistance that is (very slowly) being retested here on RUT and TF, and to review the shorter term setups forming as the market vaguely meanders towards those retests. On RUT the […]

US Dollar Ripple Effect

There’s been a number of significant level breaks/hits over the past week and it seems timely for a longer-term chart review. Here come the weekly charts. A lot of the charts coming up relate in some way to the US dollar so let’s take a look at that one first. The USD chart has broken […]

US Stock Market, Big Picture View

Because perspective is everything, let’s once again get some big picture perspective… S&P 500 is outside the lower fork line (again the Fork being a novelty, but the line being real) but above critical support.  Bears would call this an overthrow to the upside and massive bull trap.  We can call it an intact bull […]

The Quiet Before The Storm

In my recent momo update I was quite adamant about the increasing odds of a major market correction. Since then we’ve seen a further increase in spasmodic intra-day gyrations across the board, fueled by a mix of low participation bot trading, heightened emotions and a constant stream of contradicting market rumors (e.g. Deutsche Bank). The trading […]

Testing Support and AAPL Revisited

I wasn’t planning a post here today but I have more time than I expected this morning, and I didn’t manage to do the AAPL post I was planning yesterday, so I’m going to combine them both into a single post here this morning. I’m rolling into the December contract over the weekend, so if […]
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