I would have many interesting charts to show but so little time. The longer term up trend is in danger but we could have a rebound around the corner (7:3 odds). Yesterday we could see some panic [...]
“Buy The Fucking Dip”, or will it be different this time? Below 4h & 1h /YM chart; over sold (if there is such an expression..): On a 90d 1h SPY chart, volume flow very low: IWM [...]
The long term trend is still up but when switching to a daily chart, it could be in danger; bulls need to step in and start buying.. SPX is at the moment trading below its daily MA20-value and [...]
For the short term (today, tomorrow), could see rebound as soon as today. Unclear though if the pullback is over since 1d charts are getting quite ugly (=strong bearish insertion). Below 1h SPY [...]
I’m speechless, open end quantitive easing at a pace of 40b / month (85b until year end). How about that, huh..? FED is buying loans.. what BS is that? What money do they have to buy loans [...]
So, prices broke up as expected eventually. This was however news related (as I wrote earlier, this market needs a catalyst to get going). Bulls used much steam to get higher yesterday so expect [...]
First of all, sorry for no weekend update! Let’s go straight to the charts, below daily SPX. The price pattern/action doesn’t look bearish to me (yet). Normally that should break to [...]
I will not be able to follow the markets later on but here is how I intend to exit yesterday position. S/W @ yellow area, exit 1h before close (if not triggered by S/W). If open below yellow [...]
