The_Unwind

The_Unwind

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...

The_Unwind

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...

The_Unwind

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...

The_Unwind Updated 

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...

The_Unwind

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...

The_Unwind Updated 

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...

The_Unwind

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_Unwind

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...

The_Unwind

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...

The_Unwind

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...

The_Unwind

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...

The_Unwind

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_Unwind

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...

The_Unwind

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...

The_Unwind

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_Unwind

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_Unwind

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...

The_Unwind

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...