Here we go. Please see the intraday update for squiggle.
[Intra-day Update-11:20am NYSE] -
Close call possibilities
Monday, April 13, 2020
Monday Update (4/13/20)
[EOD Update] -
Here we go. Please see the intraday update for squiggle.
[Intra-day Update-11:20am NYSE] -
Close call possibilities
Here we go. Please see the intraday update for squiggle.
[Intra-day Update-11:20am NYSE] -
Close call possibilities
Friday, April 10, 2020
MTU Weekend Ed - Approaching Sup/Res Zone (4/9/20 close)
SPX is at the 50% retracement level and is also probing the 2018-2019 support resistance zone, and may be forming a right shoulder (Chart 1).
The potential right shoulder EITHER could last a while in order to maintain spacial symmetry of the pattern OR could be very swift - 2 to 3 weeks drop to the neckline - in order to maintain the same time-ratio.
Chart 2 (ES) and Chart 3 (SPX) update our tracking counts.
The potential right shoulder EITHER could last a while in order to maintain spacial symmetry of the pattern OR could be very swift - 2 to 3 weeks drop to the neckline - in order to maintain the same time-ratio.
Chart 2 (ES) and Chart 3 (SPX) update our tracking counts.
Wednesday, April 8, 2020
Wednesday Update (4/8/20)
SPX retested the breakout and rose to marginal new high and closed near the high of the day but with negative divergence (Chart 1).
Regarding the larger structure, keep an eye on this potential wedge as it is possible to count the upswing as a series of threes (Char 2).
Also keep an eye on the declining daily SMA50 currently at 2919.
Regarding the larger structure, keep an eye on this potential wedge as it is possible to count the upswing as a series of threes (Char 2).
Also keep an eye on the declining daily SMA50 currently at 2919.
Tuesday, April 7, 2020
Tuesday Update (4/7/20)
Fast markets. SPX broke out yesterday, met key resistance on the opening gap today and is attempt to retest the breakout. In terms of time, this week marks 5-weeks down and 3-weeks up (Chart 1).
Is this it? Maybe maybe not (Chart 2 and Chart 3). Either way, key resistance holds or SPX needs to get over key resistance for any additional upside.
Is this it? Maybe maybe not (Chart 2 and Chart 3). Either way, key resistance holds or SPX needs to get over key resistance for any additional upside.
Monday, April 6, 2020
Saturday, April 4, 2020
MTU Month-End Ed. - Rebound (4/3/20 close)
SPX is rebounding but struggling to break above overhead resistance. The first break out attempt this past week was not successful. See Chart 1 ES, Chart 2 SPX.
The blue wave [4]-up remains possible, but perhaps with reduced likelihood. The rebound high needs to hold AND we need to see an "immediate" sell-off that eventually breaches the low for [5]-down. Otherwise, a retest of the low, if it occurs before moving higher, may be better counted as the purple (B)-down or the green (2)-down. See Chart 3.
Keep an eye on the potential larger structure (Chart 4).
The blue wave [4]-up remains possible, but perhaps with reduced likelihood. The rebound high needs to hold AND we need to see an "immediate" sell-off that eventually breaches the low for [5]-down. Otherwise, a retest of the low, if it occurs before moving higher, may be better counted as the purple (B)-down or the green (2)-down. See Chart 3.
Keep an eye on the potential larger structure (Chart 4).
Wednesday, April 1, 2020
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