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...
Warning ! You are witnessing a rare technical pattern in the S+P 500 and the result could be a sharp, stunning reversal of fortune. Shown here in the 15 Minute Chart, count the triple island exhaustion gaps to the upside. 1,2, and 3. They are clearly defined on the chart. You don't even have to strain your eyes to see them. All the while price advances up the...
Tomorrow's release of the June Consumer Price Report, seems to have already "convinced" the short term trading crowd that a peak in inflationary pressures is at hand. Did you catch that...? Really ? Don't Buy it. Please. The old market adage of "Selling on the News" ...never seemed more appropriate. SHORT ! SPX Last 4439.25 THE_UNWIND WOODS OF CONNECTICUT
The S+P 500 broke decisively to the downside at this mornings Open. The decline was lead by S+P 500 Sept Futures trading (ESU23 breaking down off "multi week" resistance lines" near 4487.50 Large block selling, appeared after the"jolts" job number for June came in twice a hot as expected. That's a big increase in jobs, that in turn will continue to put...
S+P 500 Futures, ESU23 which "lead" the SPX 500 Cash Index around every day have recently driven to almost 4500. However a closer look" inside" the 30 Minute ES chart, shows that the KST ( Know Sure Thing), Martin Prings Momentum Indicator (Shown Here), which "leads" price, has significantly rolled over. I have drawn a trend line on the downward spiral. S+P 500...
Today's" upside continuation" breakout in the S+P 500 is being driven by a considerable amount of short covering, as bearish investors are now throwing in the towel. That is an important "new dynamic", worth noting..It's called "Capitulation" The 1 Year Treasury Note has barely budged today, near a cycle high of 5.42 % after a lighter than expected Fed watched...
The S+P 500 continues to trade in an "unpredictable price pattern", rising steadily as a growing chorus of bullish investors continues to buy stock, as the end of the 2nd quarter of 2023 nears Confirming the price advance, the VIX or fear gauge continues to drop sharply hitting the 12 handle this past week, remarkably, down from a multi week top at 20, meaning...
The Textbook Reversal "Head and Shoulders" Pattern seems to be showing up everywhere in short term S+P 500 analysis right now. Have you noticed...? The 15 Minute S+P 500 Pattern ( Shown Here ) illuminates the pattern this week, and clearly shows "neckline reversals" on rallies back to 4400. The June 14,2023 High of 4391.82, when broken this week, dropped...
Sometimes when markets are at crucial turning points, what I call the "fool factor" is notched against you at an extremely high level. What I mean by this is that if you are trying to day-trade or position trade for the next significant move, the chances of you being "fooled" by the market is quite high. That is how major price breakouts occur. The majority of...
S+P 500 could rally back to the All Time High of 4819, by the end of the year ! Here's the Set Up : KST Indicator Currently On a Monthly Sell SPX Reverses to the Upside Issuing a Buy Signal on this "leading/confirming" Indicator. Time to jump aboard. The train is leaving the station. A new bull market has been born, right in front of the nay sayers...
The trade continues to be "LONG" Too many top pickers being cast aside hourly as price continues to rise. S+P 500 Futures ES Weekly Continuous Chart shows a "significant" upside chart breakout ! This is an "intermediate "Buy Signal", and should not be taken lightly. This is a compelling powerful upside breakout. The stock markets are seeing something,, that...
As anticipated (See my last post) the S+P 500 Index has "broken out" above 4300 this morning, lead again by NDX reaching a high of 4322.62, on "mucho short covering bets gone wrong" before pulling back to the breakout point near 4300, as I write this. It is very important now for the bulls to hold the breakout point. I've drawn a green trend line across the 15...