Friday, August 9, 2019

MTU Weekend Ed. - Bounce (8/9/19)

While ES has invalidated a larger diagonal triangle thanks to after-hours prints, SPX has not.

completion count
potential megaphone

Saturday, August 3, 2019

MTU Month-End Ed. - Megaphone (8/3/19)

Overthrow Territory (7/26/19)  highlighted the 5th point of a potential megaphone pattern. This past week's selloff confirms that resistance held so far (if this is indeed a megaphone).  If so, the traditional measured target for the megaphone is 2150-2350 in SPX.

Saturday, July 20, 2019

MTU Weekend Ed. - Wedges and Kisses (7/19/19 close)

SPX is kissing overhead resistance a second time (Chart 1).  A small potential EDT is complete (Chart 2).   A larger potential EDT or triple-zigzag would be invalidated below 2965 (Chart 3).

Saturday, June 29, 2019