The pop higher in the SPX has reached the 2225, (76.4%) projection of the Feb-Jun rally. Next resistance is likely to be around 2250, but any break should fade beneath the 2300~, (100%) projection.
The sharp rejection of the October highs is attempting to stabilise above USD113.00. Consolidation is highlighted in the coming week or so, but the fall in momentum studies and deterioration in sentiment are likely to keep prices under pressure into the beginning of 2017Q1. Also, from a relative perspective, Facebook is also underperforming the US Technology...
We officially elected the key Socrates monthly bullish level at 18625 for November. Now watching for a pullback to this level to jump in and add to my mini position. Major resistance bank awaits at 20764-21252
Good risk reward on this cup and handle pattern forming on WMB. It also doesn't hurt that Goldman Sachs gave a buy rating yesterday
There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
This is for you all stock market bears. Do not go short if this ratio keeps on breaking those resistance lines.
This is for you all stock market bears. Do not go short if this ratio keeps on breaking those resistance lines.
This is the the ultimate market measure of economic/financial well-being.
Watch the lines. This chart tells us how much/how urgently people are selling stocks to buy gold.
Watch the lines. This chart tells us how much/how urgently people are selling stocks to buy gold.
Watch the lines for a good place to jump in if you are looking to long VIX. This chart helps us distinguish between fearless crashes and fearful crashes.
Watch the lines for a good place to jump in if you are looking to long VIX. This chart helps us distinguish between fearless crashes and fearful crashes.
Instead of looking at SPX alone, looking at this ratio is better for shorting stocks/longing VIX, because it helps us distinguish between fearless crashes and fearful crashes. Watch the black/light blue/brown lines above. If this ratio breaks above those lines confidently, get out of shorts and wait for a better time to do so.
Instead of looking at SPX alone, looking at this ratio is better for shorting stocks/longing VIX, because it helps us distinguish between fearless crashes and fearful crashes. Watch the black/light blue/brown lines above. If this ratio breaks above those lines confidently, get out of shorts and wait for a better time to do so.
Watch the lines for a place to jump in.
Watch the lines for a place to jump in.