June 2022 – The Art Of Chart

Month: June 2022

Possible Break Back Down

[vc_row][vc_column][vc_column_text]I posted this chart on my twitter on Wednesday night with the comment that SPX was reaching an important short term inflection point where it might go directly into a retest of the current 2022 low. I said that the strongest kind of break would be a gap through the gap support highlighted in yellow...

The Weekly Call – Trade Setups for the Week of June 26th

The Weekly Call provides perspective on high-quality setups and trading strategies focused in the Commodity world. My current performance shows a 714% 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 June 26th

This is a weekly post covering Cryptocurrencies, specifically 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 — As mentioned last week, this is a good long setup. We can still see lower to 16000 which would be...

Rally Testing Second Resistance

[vc_row][vc_column][vc_column_text]Daily RSI 5 buy signals have fixed across the board on SPX (weak), NDX (full), IWM (full) and Dow (weak), so it is possible that the rally may extend significantly further without a low retest. There are also fixed hourly RSI 14 buy signals fixed on all four and none of those have yet made...

Annual July 4th Sale

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Back On The Three Day Rule Again

[vc_row][vc_column][vc_column_text]Last week I was talking about a likely modest rally coming, which we have seen, and then a low retest, which we have not yet seen but I'm expecting to see this week. After that I'm thinking we may well see a much larger rally on SPX, and one thing I was waiting to see...

The Weekly Call – Trade Setups for the Week of June 19th

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for June 19th

This is a weekly post covering Cryptocurrencies, specifically 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 — Lower low as discussed, also a punch of the 3rd SD band so this is a good looking setup long....

Blood In The Streets

[vc_row][vc_column][vc_column_text]I wanted to talk a bit this morning about big highs and lows on SPX. Obviously the economy may well be going into recession, interest rates will likely rise a lot further over coming years, and that has to happen really because examples in history where inflation has been brought under control without interest rates...

Through A Glass Darkly

[vc_row][vc_column][vc_column_text]SPX broke down and has retested the retracement low, as have NDX and Dow as well, but not yet IWM. This brings SPX and the other US indices to the key inflection point this year, where we see whether the move so far this year has been the formation of large bull flags setting up...