McG16

McG16 Updated 

One of the most satisfying moments in charting is opening up an old chart tab to find S/R levels that really hit the spot. I believe these S/R lines were drawn in July before the SPY rally to 430. When I looked back at the chart, I saw something that looked familiar... July Today I plan to use the top and bottom lines combined with volume for...

McG16

There has been a lot of comparison to the 2008 financial crash. The gaps in our volume profile can give us an idea of the best ranges for accumulation and distribution. Here's the chart for today Good luck, all!

McG16

I’ve been searching for interesting patterns with critical commodities in bear markets. I noticed something interesting. Oil and gas seem to pump before and during the early stages of bear markets. When the largest and most demoralizing drop happens, Oil and gas seem to lead the way. Their previous pump is erased and the market goes with it. Good luck all!

McG16 Updated 

We've reached a critical point on the chart for SPY. Between May 27th and June 9th, we found balance in the same range we find ourselves today. Last time, a red hot CPI print sent the market tumbling over 10%. At that time, I drew a few S/R lines to watch for a breakout. Interesting to see where those S/R lines stand as we enter this critical zone. Best of...