[vc_row][vc_column][vc_column_text]I'm in the throes of moving house at the moment and am struggling to get posts out so there may be just one a week or so until I've finished in three or four weeks. It looks like I may actually need to take a whole week off at the end of the month which...
read more[vc_row][vc_column][vc_column_text]My apologies for this being the first post this week. I'm moving very soon and am very busy with that. As of the close yesterday the bear setup here to get SPX back to double falling channel support in the 3340 area was looking very nice indeed. The smaller falling channel wasn't broken by the...
read more[vc_row][vc_column][vc_column_text]As of Friday's close our Follow The Leader service at theartofchart.net was up 168% year to date with 90% winners so far. This is an autotrading service in partnership with GFF Brokers, official broker for the World Cup Advisor Auto Trade programs. This is included in our Daily Video Service and if you're interested in...
read more[vc_row][vc_column][vc_column_text]As of Friday's close our Follow The Leader service at theartofchart.net was up 168% year to date with 90% winners so far. This is an autotrading service in partnership with GFF Brokers, official broker for the World Cup Advisor Auto Trade programs. This is included in our Daily Video Service and if you're interested in...
read more[vc_row][vc_column][vc_column_text]I posted the chart below on my personal twitter yesterday morning with the comment that a retracement was likely and that a possible rally high was being made. I was looking at the perfect hit of the ideal possible rising wedge resistance trendline for this move and the very large amount of negative divergence on...
read more[vc_row][vc_column][vc_column_text]The projection of the larger bull flag that I posted on Thursday morning delivered like a champ, with a perfect touch of the channel support followed by a break up that almost reached the target at a retest of the flag high on Friday afternoon. The full target should be made at the open today....
read more[vc_row][vc_column][vc_column_text]Last Friday there was a clear break back below the 5dma, and that was a fix under the Three Day Rule. On this rule SPX should retest the last low at 3491.58 before any retest of the prior high at 3806.91. I haven't counted but there have been nine previous fixes in 2022 and I'd...
read more[vc_row][vc_column][vc_column_text]On Friday morning I was writing that SPX went back onto my Three Day Rule on the break back over the 5dma at the close on Thursday night. Under that rule, if either of the next two closes delivers a clear break back below the 5dma, then the prior low, in this case 3491.58, will...
read more[vc_row][vc_column][vc_column_text]Apologies for this being the only post this week. I'm moving house in a few weeks and I've been really busy. In my last post I was looking at the possible hard fail setup on SPX, NDX, IWM and Dow if the inverted H&S patterns that had broken up failed on moves back below the...
read more[vc_row][vc_column][vc_column_text]There's been quite a bit of speculation about a possible bear market low having just been made at the last low, and that is technically possible, though I think rather unlikely. More likely is the possibility that SPX is returning to retest the all time highs to make a second high on a huge double...
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