The Monday Update is below and it covers SPX, RUT, ES, Oil, USD, and Gold.
We did get the turn we expected in the indexes, watch the 1900 area as possible support as per chart chat. A conviction break? of that area and we open new lows.
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12 thoughts on “Monday Update – The usual suspects”
Thanks Stan for the update!
Thanks for the update….ES hit 1931, looks like your scenario for 1900 will come to pass during regular hours trading.
Will you being offering a paid trading room – similar to Avi Gilbert’s ??
If so I would be interested – your analysis is better then theirs
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You guys are doing a bang up job on this site! Fantastic and actionable info. Kudos on the superb analysis. And continued success on this wonderful collaboration that has become the The Art of Chart!
Thanks. This collaboration has been a lot of fun & makes me wonder why there aren’t more cross-disciplinary collaborations. Most chartists too insular perhaps. 🙂
Just remember – we are wrong 30% of the time – lately tho we are killing it
Where do I sign up for the subscription? I clicked on the link, but it doesn’t take ma anywhere.
We’re still working on that this week. Should be ready top launch next week we think. 🙂
Stan, do you think oil made the 50% retracement today? I think it got very close H$49.50 L$37.75 50% = $43.37 and we hit low of $43.86.
Tuesday Update: We hit 1900s and it was support as per video – now next resistance or a little lower signals new lows on the way – break this area and expect a squeeze tomorrow. CL +500 from the turn so far, watch 42’s for support.
Fumble Fingers Repost : Tuesday Update: We hit 1900s and it was support as per video ? next resistance 1950 or a little lower signals new lows on the way ? break 1950 area and expect a squeeze tomorrow. CL +500 from the turn so far, watch 42?s for support.