ON FIRE

Monthly Time Frame: XLF from the 2009 low has been rising within a well-defined channel ( Bearish Flag?) So far we have a wide range monthly bar which has allowed a potent break out above the 2015 high and the 0,618 retracement from the 2007 top The next resistance is located at the upper trend […]

TRUMP VS CLINTON

There are a lot of signals for a tradable bottom: – NYSE Summation Index = – 300 (Very Oversold) – McClellan Oscillator = – 73 ( Very Oversold) – % SPX stocks below 50 dma = 27,20 (Oversold and Positive Divergence) – 9 straight days of lower eod prints – 4 days below Bollinger Band […]

On May 5 I posted a posted a potential short setup that did not pan out In my opinion today there is another potential reversal pattern: A small Rising Wedge could have concluded a Double Zig Zag from the January low, probably establishing the wave (A) of a large Zig Zag Tomorrow I will open […]

BULLISH STATEMENT

The potential bearish Head & Shoulder has been busted, instead with an extraordinary deployment of strength bulls have achieved a “V” bottom breaking out of a Bullish Flag. Sp 500 is back in the upper range of the one year trading range only 35.66 handles from the May 2015 all time high. It seems probable […]

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