The market longer term appears to have rolled over from the highs - We're going into a long holiday weekend and price dipped this morning testing yesterdays rebound off the lows at 163.40 - Price then ramped higher swifty and agressively putting further pressure on shorts to cover positions. In the low volume environment that comes with holidays and given the...
The bond market has been in "Taper" mode , as the Fed has most likely been dumping bonds, putting downward pressure on the bond market; This weakness can be seen from the May 2013 high to the recent low in August. The black line represents the 1x1 Gann Angle; Price will either fail at this angle and revers back lower or push through. If bonds push through...
Gann used a series of angles to help him to project future prices. The most important angle that Gann used was the 1x1 angle. This represented 1 unit of time by 1 unit of price. Gann specialized in looking for relationships between price and time. I thought that it was interesting to note the time and price relationship off of the 2009 to today. When price is...