Saturday, August 27, 2022

MTU Weekend Ed. - Bearish Short Term Setup (8/26/22)

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The  gray box in the Chart represents a support-resistance zone in SPX. SPX  has delivered a false upside breakout with respect to the suppo...
Saturday, August 20, 2022

MTU Weekend Ed - Reaction (8/19/22 close)

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SPX peaked and SMA200 and is now retesting a prior resistance zone, now potential support. The blue count (ABC up) anticipates at least a de...
Saturday, August 13, 2022

MTU Weekend Ed. - Break above Resistance (8/12/22 close)

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SPX closed above its Jan-Mar support and has recovered its June loss (Chart 1).  Monitor if this is ABC or 123.  C-up may conclude soon or c...
Sunday, August 7, 2022

MTU Weekend Ed - Approaching Resistance (8/5/22 close)

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SPX is approaching its January low from below.  Price actions in the first week of August did not break SPX above its June high - still insi...
2 comments:
Saturday, July 30, 2022

MTU Weekend Ed. - Inside Bar (7/29/22 close)

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The SPX registered an inside bar for the month July (Chart 1).  Overhead areas of interest are around the Jan low (4222) and 200-day SMA(434...
Sunday, July 24, 2022

MTU Weekend Ed. - MA50 (7/22/22 close)

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SPX has managed to stay above its May low and closed above its SMA50.  Overhead resistance around June High and Jan Low. 
2 comments:
Sunday, July 17, 2022

MTU Weekend Ed - May Low (7/15/22)

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SPX closed above May low for the 3rd time, into a zone between the Jan low and the May low.  How much time it spends in this zone will be te...
4 comments: