November 2021 – The Art Of Chart

Month: November 2021

Approaching Key Support

[vc_row][vc_column][vc_column_text]I was talking in my last post on Friday about the likely mean reversion move coming that should at least return SPX to a backtest of the 45dma, now at 4549. The low so far today has taken SPX down to the 4565 area, so that is getting close, and SPX is now in an...

December Free Webinars

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The Weekly Call – Trade Setups for the Week of November 28th

The Weekly Call provides perspective on high-quality setups and trading strategies focused in the Commodity world. My current performance shows a 463% return since October 2016. The purpose of this blog is to demonstrate how to swing trade futures using our methodology to select high-quality setups and manage the trade with our risk management approach....

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for November 28th

I plan to cover just three cryptos every week in this post: Bitcoin, Litecoin, and Ethereum. These instruments provide trading opportunities with out sized gains. I hope the analysis presented here helps you profit in these instruments. BTCUSD — Retracement is close to complete, looking for a turn thi9s week and a drop in the...

Thanksgiving Thoughts

[vc_row][vc_column][vc_column_text]UPDATE NOTE - Since I wrote this post last night, SPX/ES has obviously broken down from the asymmetric double top there with alternate targets in the 4540 and 4515 (both SPX) areas, though so far, NDX/NQ has not yet broken down. So far this week SPX has defied the historically bullish tape over Thanksgiving and...

Options For Next High

[vc_row][vc_column][vc_column_text]As I was saying in my last post on Monday, the all time high on SPX a few days before was at an impressive 5.54% over the 45dma and, excluding the spike up after the low last year, was one of the highest against the 45dma in the last decade. This is a good indication...

The Weekly Call – Trade Setups for the Week of November 21st

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for November 21st

I plan to cover just three cryptos every week in this post: Bitcoin, Litecoin, and Ethereum. These instruments provide trading opportunities with out sized gains. I hope the analysis presented here helps you profit in these instruments. BTCUSD — Retracement is underway as discussed last week and close to a reversal. Against the third standard...

Black Friday and Cyber Monday Sale

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Mean Reversion Looks Close

[vc_row][vc_column][vc_column_text]The last high on SPX reached a few days ago was an impressive 5.54% above the 45dma, one of the highest readings in the last decade excluding the initial spike up from the March 2020 low, and slightly above the 5.4% reached at the early 2018 high. Coupled with the strong punch over the NDX...