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.





Wednesday, May 22, 2019

Monday, May 20, 2019

Wednesday, May 15, 2019

Tuesday, May 14, 2019

Tuesday Update (5/14/19)

[1240pm -Update]  Support/Resistance and Squiggles


Monday, May 13, 2019

Monday Update (5/13/19)

EOD Update -
Same squiggle count, at the end of day.
1030am Update -
932am Update -