Today the Wednesday update focuses on the usual suspects and I speak a little about trading, setups and managing risk. Hopefully this answers the question asked in the comments section about setups.? Video is a little long as a result. Will split next time into two videos. [embed]https://vimeo.com/134174916[/embed] SPX - Hit the 5-1 target and...
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Monday Update – Three Videos – Regular Update, International Indexes and Gold
Three videos this evening - the regular Monday update, a special update on international indexes and a special update on Gold as our first target has been hit. Monday Update [embed]https://vimeo.com/133943486[/embed] SPX - Near a turn, expecting marginal higher prices or the high from Friday could be it. RSI divergence is a MUST WATCH -...
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Friday Update – Covering the Usual Suspects
Today's update focuses on the usual suspects - SPX, RUT, Oil, USD and Gold. At the end of this post also find a video I promised explaining the bigger picture on SPX - was recorded two days ago but still relevant. [embed]https://vimeo.com/133725778[/embed] RUT - Clearer structure and 4th wave of flat is done, likely we...
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Monday Update – SPX, RUT, Oil, USD and Platinum
Today's video update we focus on SPX, RUT, Oil, USD and Platinum. [embed]https://vimeo.com/133313154[/embed] SPX - Overhead resistance starts at 2083 (the monthly pivot) and continues to the daily middle band at 2088. Structure appears to be a flat which calls for a back test and higher prices before a reversal. Watch tomorrow for a test...
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Wednesday Update – SPX, RUT, Oil and USD
The mid week update and appears we have healthy divergence and a turn in the indexes. [embed]https://vimeo.com/132916344[/embed] SPX - Cash market has tested the gap lower in futures on Sunday with a healthy divergence. Expecting a decision higher in the 2100-2105 area after a backtest. RUT - Same pattern playing out - structure more clean...
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Video Update of Market Action – June 29th 2015
Following up on two recent posts in the last few weeks - Russell 2000 - A Turn is Brewing?? and? S&P 500 - Sign Posts of the Coming Correction? - both are playing out as expected.?Here is?a?quick video update and a few charts: [embed]https://vimeo.com/132601080[/embed] Hopefully the video is a useful update to the articles.?It specifically...
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Russell 2000 – A Turn is Brewing
As mentioned in my previous post, S&P 500, Sign Posts of the Coming Correction , indexes are setting up for a downdraft through mid-July. Here is what the charts are saying about the Russell: [caption id="attachment_3786" align="aligncenter" width="660"] Russell 2000 Monthly[/caption] Russell 2000, Monthly Chart - A few big picture notes: 1. RSI Monthly Price Cycle break...
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