Sunday, January 27, 2019

SPX - Trendline Reached - What's Next?

SPX has reached the trendline from October.  An overthrow of the white trendline is probable.

In the short term a rocky road is ahead for a few weeks.  With the trendline above, SPX is susceptible to a significant decline in the short term.


Wednesday, January 23, 2019

Bitcoin - Ready to Pop

Bitcoin is likely to be consolidating for a pop next.  Price has been holding in a tight range which typically occurs just before a stronger move.

A move up to test the red horizontal next is anticipated.


Friday, January 11, 2019

$SPX - Selloff Imminent

SPX hit horizontal resistance, and the SPX model is showing a deep red weekly bar next.

Next week, SPX is on pace to lose the last two weeks of gains with an selloff.  SPX support is located as shown.

60min Chart