The Chicago Mercantile Exchange,(CME) the leading futures and options trading exchange in the United States has seen it's stock rise 500%,... during the last 7 years, from 40 in 2012, to a Close of 205.96 on 12/6/19 The stock as seen with the 3 Bar Indicator is currently in a "parabolic bell curve" advance, that leaves very little margin for error on the...
3 Box Technical Weekly Chart shows that the S+P 500 is in a "Multi Week Breakout" Pattern I have extended the triangle trend line ..forward ( See Chart) and you can see a realistic possibility," time wise" that this breakout could be setting up a " BASE", for price advancement well into 2020 Time progression ,with price "above" the breakout point technically ...
Precision Biosciences is a cancer and genetic therapeutic company, based in North Carolina that went public this past March at 18.00 a share. The "3 Box Technical Indicator" shown here, shows DTIL has made a Very Powerful " V Bottom Breakout" this past week. When you purchase a stock,always look for "over performance",as a key criteria to ownership. Precision...
30 Minute 3 Box Indicator for the S+P 500 shows the Immediate Bullish Potential for a Breakout Above Important Resistance 3 Box Resistance at 3118, on the NYSE/OPEN on 12/6/19 A Bullish Upside Reversal on the OPEN this morning would suggest a "Strong" "Continuation" Rally from 3070 Low earlier this week. and give an Upside Target to S+P 3144 Note: In Case of...
S+P 500 30 Minute Chart,with the 3 Box Indicator, ( Chart Shown) reveals a "Double Bottom" Breakdown from SPX 3110 Price however did find very important support at SPX 3070, so the technical evidence is mixed short term. 30 Minute 3 Box Indicator Box shows the potential for a rally back to SPX 3110- 3115 The VIX peaked at 17.93 today, just below the important...
It seems just like yesterday. The day after Thanksgiving. The market market making historic highs, bears completely decimated and online retail getting for Black Friday and Cyber Monday ready to spend 9.4 Billion $ on things that they might not really need. Well flash forward to this week. A giant Noreaster snowstorm pounds New York, and the Northeast with over...
Look closely at the chart presented. S+P 500 Weekly Chart, shown with the 3 Box Indicator, shows 4 consecutive Weekly Breakout Bars. Chart trend reflects a very strong bullish breakout in progress defined as a continuation pattern,which necessitates price needing to move higher and higher to stay locked in this pattern. It's a high stake's poker game now, with...
"Multi Time Period Chart" of the S+P 500,on a 60 Minute Basis, shows a "3 Box Bullish Breakout" thru Wednesday Nov.27,2019 This type of charting allows a trader to view" trend continuation" in a simple,yet highly effective way. Positioning with trend can make you a winner, and the "Multi Time Period Chart "shows you clearly which side of the market one should...
President Trump was forced to sign into law last night a US backed congressional bill supporting the pro democracy movement in Hong Kong, This was done, despite the wishes of China not to do so, S+P 500 futures dropped like a stone on the announcement from an all time Dec 2019 ES high of 3155.50 Note the 15 minute chart,in Friday November 29 trading, showing...
The seeming mini "melt up"in price this week in the S+P 500, which has acutely blindsided the bears questioning the renewed sharp advance can be viewed on the long term weekly chart with clearer perspective, As the strong capitulation rally continues,hour by hour it is very important to be note that it is rising BELOW the Major Trend Line in place for the entire...
I believe I have found the long term Line of Control, shown here on the Weekly S+P 500 Chart. It was sharply violated in the fall of 2018, and price plummeted lower before finally finding long tern support at the 2346 bottom in December 2018. Now notice what price in the S+P 500 has done in 2019. It has simply reverted back to the mean,or to the "Line of...
If the S+P 500 SPX fails to exceed 3120.38 next week, ....shortened by the Thanksgiving Holiday in the US, and the beginning of the traditionally bullish Christmas shopping season my proprietary read suggests a potential turning point entering December, to mark the 1 year anniversary of the S+P 2018 bottom at 2346. 3120.38 is an important technical retracement...
It is reported today that one of the largest hedge funds in the world has made a 1 Billion Dollar Bet against the stock market. Ray Dalios's Bridgewater Associates, who has made money for clients 50 years running has supposedly purchased far out of the money put options, expiring in 90 days or by Feb 2020. Big money has historically been able to sniff something...
The VIX ,Volatility Index shown here on a 15 minute chart for the week, shows that market volatility is making its way into the "Apex' of a symmetrical or indecision triangle. A "breakout" in volatility is expected anytime. Friday's have been bullish market days in recent history so the prior evidence suggests that the breakout will be to the downside in the...
The selling started as soon as the market closed on Tuesday In fact it was one of the easiest pattern breakdowns to spot. I saw it clearly, and traded accordingly, building position size.. at will. As I show here,S+P Futures Dec 2019 ESZ Ascending Trend Line to the "Ascending Wedge" Pattern has been "violated "in overnight trading on 11/20/19 See that red bar...
The 1987 stock market crash,was proceeded by an upside chart breakout the effect of which was to hold the majority in place at then all time highs. Then the crash came , and 22 % was lost in a single days trading. Now flash forward 32 years to 2019. You can see on this chart I've included, that the S+P 500 has recently broken out above the Triangle Resistance to...
Apple's chart pattern reveals an almost parabolic advance in 2019. The stock has gained a staggering 68 % in 2019 and shows no sign of slowing its advance. Think about that for a moment Often as traders try to short term time the market,going long or short , and changing position from day to day, hour to hour,and minute by minute, Sometimes we get it right, and...
Sienna Biopharmaceuticals SNNA broke out of a basing formation with a powerful high volume breakout on 11/14/19 The stock rose from.25 to .44 high, before closing at .27, on "deep" volume of 36 million shares traded. Penny stocks are not everyone's cup of tea, because of risk factors involved. However that does not confront me here whatsoever I am...