30 Minute S+P 500 Chart Interpretation Very Obvious Bearish Head And Shoulders Pattern Brewing. >Head at SPX 4585 < Right Shoulder,built this morning around "anticipated" PCE Inflation Number and Left Shoulder are located at 4565 Level. Neckline Support for the Pattern is at SPX 4540, where the market is trading right now. VIX has broken out above 13...
S+P 500 Futures ES "rip your face off" Counter trend rally of 100 points points in the last week has reached its potential destination point at this mornings high of 4541.25, after a much weaker than expected US Producer Price Index for October. The sharp snapback rally to 4540 Weekly Uptrend Line previously violated is the chart "set up" here. Note the very...
The S+P 500 has broken down thru very important chart support at 4179, this morning rendering a new and more urgent sell signal on the US stock market ! Are you paying attention ? Those who attempted to "buy the dip " at 4179 have been burned. Those who abandoned their bearish bets early, are now simply out to pasture with the rest. It takes TIME, which is the...
On this, the 36th anniversary of the 1987 Stock Market Crash, an earily similar pattern has developed in the US stock market right now. Just like in 1987, a bullish summer technical breakout above prior price resistance, has been followed by a bearish retracement price reversal back towards the breakout point. This pattern, in it's most bearish interpretation...
Look at this chart ! This is a real time 60 Minute Chart of the S+P 500, Sept.26.2023 When they teach you technical analysis, the chart pattern shown here is identified as a "Parabolic Rollover" Pattern. That's about as bearish a pattern as you'll find anywhere. Simply put, the further price drops.... the further down price will have to go... to fulfill the...
Last time I wrote you I forewarned you of a "rollover top pattern" in the S+P 500 that was clearly developing on the chart. Like a hurricane brewing over open water, it was coming right at you. This weeks Fed meeting proved to be the catalyst for the pattern execution. Landfall hit. Let me warn you. If the S+P 500 Closes below the June 26,2023 Low of...
See it. It jumps right off the page at you. S+P 500 is building a very bearish "broadening top pattern" The pattern is holding buyers and sellers at bay. For now. If 4350 Support is broken, then this pattern "executes" Trust me, you won't want to be holding long positions,.. if it does. SPX Close 4461.91 THE_UNWIND WOODS OF CONNECTICUT
Yesterday afternoon's rally from SPX 4442.38 Low was almost certainly a bull trap ! This can be seen clearly on the 3 X Reverse S+P 500 ETF SPXS Chart which yesterday formed the handle, on a potentially powerful "Cup and Handle Pattern" The US stock market is now vulnerable. Perhaps more than one realizes. This has triggered a "lower price alert signal, in my...
This one is simple. Rarely do they give you something simple in the market. For anyone following my work, today's upside breakout back above SPX 4435 has rendered a "bullish reversal" buy signal on the market. Note the 4 Hour KST Indicator (Shown Here) now rising "from the bottom" like a phoenix from the ashes and strongly confirming todays breakout market...
No sooner had the S+P 500 "gapped up" this morning, opening at 4442.87, and then quickly rising to 4458.30, sellers came out in droves selling the breakout rally, and just like that..poof...the S+P 500 broke back thru 4435, and yesterdays buy signal evaporated like dust. Hopefully, trader profits were taken,... while they were there this morning. Remember your...
Buy Signal ! S+P 500 Closed Back Above 4435 today, triggering a technical buy signal on the 4 Hour "Institutional Chart, the time period used infamously for years by the great technical analyst Tom De Mark. Note the 4 hour KST Indicator, on the S+P 500 (Shown Here) confirming the "buy signal" by crossing above the "Signal Line" Also, pay attention that the...
S+P 500 broke thru important Trend Line 4 Hour Support at 4435, after the Fed minutes were released this afternoon. The rally intra-day back to 4450 set up the late day rollover. Traders were hoping for some "fed relief" but none was found, as interest rates continue to want to climb making risk free investments of 5 % very attractive, and big money sees a...
As long as the S+P 500 Closes "above" todays close of 4468.84 on Friday August 11,2023 then a proprietary 4 Hour "Open" Chart, that I keep manually has rendered a "BUY SIGNAL" at the Market Close on August 10, 2023 Remember Risk/Reward is almost always "tilting" in the polar opposite market direction of what is obvious to most so you have to see your...
S+ P 500 Futures "gapped down" over 20 points to the downside, tonight in Wednesday August 2,2023 trading after the late afternoon indictment of former President Donald Trump, in connection with the Jan.6,2020 Riot at the US Capital. The fact that stock futures traders are taking the indictment seriously in selling at tonights ES Open shows clearly that futures...
One of the most notable and risky aspects of short term trading is the almost constant minute by minute chop back and forth in near term prices. If you are a scalper,otherwise known as a day trader, looking to get in and out of the market as quickly as possible, the short term volatility is just what you want. However getting trapped on the wrong side the...
The false breakout above S+P 4580 today, and the accompanying bearish "break back" in the prior pattern shown here on the 15 Minute Chart with a pick up in volume, and a confirming down move in KST puts the market in a precarious position. Traders should be aware that this is the same pattern the" false upside breakout"... that proceeded the 1987 US stock market...
In short, what you are seeing is almost a one-sided bearish capitulation. I will repeat that thought, by the end of this article. A "Bullish Cup and Handle Pattern", the "alternative count". don't you just love that, there's always two sides to every coin they say has just prevailed... and price has just broken above 4550, another important resistance that was...
S+P SPDR XLV Health Care ETF was the strongest industry group on 7/14/23. XLV technical price pattern is looking very bullish ! Shown here on the Institutional 4 Hour Chart, it shows clearly that health care stocks are under "accumulation" by big money investors. Interestingly, health care is considered a defensive play, so institutional money managers may now...