Sunday, June 23, 2019

Saturday, June 15, 2019

MTU Weekend Ed. - Structure (6/14/19 close)

Interesting candle this past week.  Longer term negative divergence.
Structure
Squiggles and unfilled gaps

Friday, May 31, 2019

MTU Month End Ed - Necklines (5/31/19)

The selloff in SPX broke several key support levels - key moving averages, the small potential head-and-shoulders neckline, the 2019 uptrend line.

There are a number of unfilled gaps present and positive divergence in smaller time frames.  If the market chooses to consolidate, we could see the right shoulder of the larger potential head-and-shoulders forming in June.     

The monthly chart and the monthly candle suggests further weakness is likely.