MajorIndexSignals

MajorIndexSignals

The rebound on Friday wasn't enough to repair the technical damage that occurred in the market last week. While the S&P 500 ETF 'SPY' remained more resilient, both small caps and mid caps finished the week at their lows. Given weakness in almost all areas of the market that I've been looking at, developed markets, emerging markets, bonds, and mid and long...

MajorIndexSignals

Cryptocurrencies are almost perfectly suited for point and figure charting as their round-the-clock trading almost guarantees that there will be no significant gaps in trading (the bane of using point-and-figure charting on traditional investments). Point and Figure charting has been used for hundreds of years by the largest financial institutions (although they...

MajorIndexSignals

Tradingview has a phenomenal amount of useful trading indicators and studies, however a good trader never forgets the basics. Following its sell-off in early September, Bitcoin began consolidating and building a base. A slow upward rise was a slight indication that it would break out of its base to the upside, but we don't trade on "slight indications". One...

MajorIndexSignals

Bitcoin continues to trade lower after regulators in China cracked down on cryptocurrency trading in the country, along with negative comments made by JP Morgan's CEO Jamie Dimon. This morning, along with the indicators we demonstrate here, we've observed signs of heavy (most likely institutional based on the dollar amount) selling of Bitcoin on one of its...

MajorIndexSignals

Almost the entire cryptocurrency complex rebounded today, following two days of heavy selling. The appearance of one of my favorite (and only) chart patterns I pay attention to gives me the confidence to write this note. I've been trading the markets since 1995, and in that time I've realized that there is vastly more "technical analysis" that DOESN'T work, than...

MajorIndexSignals

Almost the entire cryptocurrency complex rebounded today, following two days of heavy selling. The appearance of one of my favorite (and only) chart patterns I pay attention to gives me the confidence to write this note. I've been trading the markets since 1995, and in that time I've realized that there is vastly more "technical analysis" that DOESN'T work, than...

MajorIndexSignals

Almost the entire cryptocurrency complex rebounded today, following two days of heavy selling. The appearance of one of my favorite (and only) chart patterns I pay attention to gives me the confidence to write this note. I've been trading the markets since 1995, and in that time I've realized that there is vastly more "technical analysis" that DOESN'T work, than...