June 2023 – The Art Of Chart

Month: June 2023

Binary Decision Point

[vc_row][vc_column][vc_column_text]I was looking earlier this week on the very high quality falling wedge that had formed on SPX from the last high and considering the odds that it was a bull flag setting up a retest of the high. Since then the wedge has broken up, retraced about 50% of the decline, and an IHS...

Hard Knocks

[vc_row][vc_column][vc_column_text]Over the last few days SPX has been retracing and is approaching the first big support level. That is the daily middle band, which closed yesterday at 4312, with the low yesterday at 4328. That is a target that may be reached today. SPX daily BBs chart:[/vc_column_text][vc_single_image image="147307" img_size="large" alignment="center" onclick="img_link_large"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]On the bigger picture, a...

The Weekly Call – Trade Setups for the Week of June 25th

The Weekly Call provides perspective on high-quality setups and trading strategies focused in the Commodity world. My current performance shows a 767% 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 25th

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 — I issued a buy signal two weeks ago as we had a dip into our retrace target of 25200. Cryptos...

Annual July 4th Sale

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The Road Less Travelled

[vc_row][vc_column][vc_column_text]Two weeks ago I was looking at the stats for near misses of the 3sd daily upper band on SPX and looked at the twelve comparable instances going back to 2007. Eleven of those delivered some kind of short term high afterwards, so the odds leaned strongly towards that, but the other delivered a four...

The Weekly Call – Trade Setups for the Week of June 18th

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for June 18th

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 — I issues a buy signal last week as we had a dip into our retrace target of 25200. Cryptos are...

The Weekly Call – Trade Setups for the Week of June 11th

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for June 11th

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 — Same message this week, price still needs to go lower, almost at target 25200. No change in forecast. Look for...