Saturday, September 14, 2019

MTU Weekend Ed. - Red Line (II) (9/13/19 close)

SPX is hugging and reacting to the red line, which is sloping upward.  The Dow is closer to a new ATH than SPX.


Sunday, September 1, 2019

MTU Month End Ed - Megaphone Update (8/30/19 close)

If the megaphone is in place, SPX is likely making a w-x-y upward retrace to test the red line. Otherwise, a larger DT to test upper green line is an option.
Megaphone update

Saturday, August 24, 2019

MTU Weekend Ed. - Lines and Megaphone Update (8/23/19 close)

Lines update - SPX was rejected by the 2018 high and the red line, probing the green line below and yet to confirm a meaningful break.
Megaphone update - As discussed before, if the megaphone pattern plays out, "the traditional measured target for the megaphone is 2150-2350 in SPX."

Sunday, August 18, 2019

MTU Weekend Ed. - Lines (8/16/19 close)

Watch the green line below and the red line above.

completion count

P.S. Thanks for Mkt Man for informative comments.

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.