We had a strong rebound from “magical” 1600 + EMA50. Below a chart guesstimate on daily SPX MA20 is now first resistance and I estimate that it will not go straight through. Close [...]
Although I more or less hate the word “over extended”, I use it since it describes quite well a situation when the market has risen too much too fast. So you say, is SPX over extended [...]
MA20 is “providing” better support than I thought, 2 bounces of this “level” so far. My best chart guess is that IF this level doesn’t hold, we could go down quite [...]
You short term swing and day traders will have a tricky week next week I feel. Probably more volatility which is “good” though. SPY 1h chart, I’m guessing on a rebound but then [...]
Not much writing but here comes some charts. First off SPY daily, good positive volume flow. Getting far away from its daily moving average 200 though. IWM daily, also very positive volume flow. [...]
I’m afraid of saying “market top” but I’ve got signs of volatility ahead and guessing that volatility will play out in favour for the bears. Price pattern is bullish [...]
Let’s start with some volume flow on a weekly SPY chart. Volume flow has and still is bullish. It is though at extreme levels and normally at this stage market consolidates. We are close to [...]
Let’s dig right into the market and charts. First off DAX. The trend is obviously up but volatility is perhaps a bit high for “safe bull” market (~100 points / daily). The index [...]
So finally a weekly close in red, right? 🙂 I welcome volatility.. First of all, let’s take a look at some price pattern action around market tops the last 3 years (weekly chart). Usually [...]
