Mid-channel resistance has become support which has opened the door to further upside. A steady meltup is likely ahead.
Daily Chart
Tuesday, September 11, 2018
$SPX - Run to the Top!
SPX is in the sweet spot with the run to the top apparently underway.
Mid-channel resistance has become support which has opened the door to further upside. A steady meltup is likely ahead.
Daily Chart
Mid-channel resistance has become support which has opened the door to further upside. A steady meltup is likely ahead.
Daily Chart
Wednesday, July 25, 2018
$SPX - Before and After with 2018 Target
SPX has reached the Cycle target identified in May, 2018 analysis. Both charts are shown with the results before and after.
A small pullback is due in August followed by the final run to the 2018 target.
Daily
Before:
May 21, 2018 analysis: Breakout!
Daily
A small pullback is due in August followed by the final run to the 2018 target.
Daily
Before:
May 21, 2018 analysis: Breakout!
Daily
Monday, July 16, 2018
Bitcoin - Bouncing but Capitulation is Coming
Bitcoin is making another bounce off support, but the bounces are becoming smaller and price is weak with a sideway move.
Capitulation is likely to occur later this year.
Daily
Capitulation is likely to occur later this year.
Daily
Monday, July 2, 2018
SVXY - Rejected off Horizontal Resistance
SVXY has declined from the band of horizontal resistance identified May 10, 2018. Notice the interaction with the red resistance lines.
A low is due to form shortly.
60min Chart
A low is due to form shortly.
60min Chart
Monday, May 21, 2018
SPX - Breakout - Whipsaw Phase to Intensify
SPX found strong support as expected and has rallied up to test the white trendline identified in April.
SPX is breaking out. However, the whipsaw phase is about to intensify.
SPX Daily
Before:
April 2, 2018
"SPX is approaching long term channel support and testing the 50 weekly moving average at 2,565. Expect a big bounce soon as least up to channel resistance as identified."
30min Chart
SPX is breaking out. However, the whipsaw phase is about to intensify.
SPX Daily
Before:
April 2, 2018
"SPX is approaching long term channel support and testing the 50 weekly moving average at 2,565. Expect a big bounce soon as least up to channel resistance as identified."
30min Chart
Thursday, May 10, 2018
SVXY - Before/After - Target Achieved!
SVXY has established the trading range as anticipated, and the target identified March 22, 2018 has been achieved today.
A band of horizontal resistance is shown.
60min Chart
March 22, 2018 analysis:
"SVXY is declining towards short term support. A trading range has established in the $11 to $13 range, and that is expected to continue into May."
30min Chart
A band of horizontal resistance is shown.
60min Chart
Before:
March 22, 2018 analysis:
"SVXY is declining towards short term support. A trading range has established in the $11 to $13 range, and that is expected to continue into May."
30min Chart
Monday, April 2, 2018
$SPX - Channel Support and Resistance
SPX is approaching long term channel support and testing the 50 weekly moving average at 2,565. Expect a big bounce soon as least up to channel resistance as identified.
30min Chart
30min Chart
Subscribe to:
Posts (Atom)