PUBLIC POST : Are The Pieces Falling Into Place?

 Most people realize that you can't solve a puzzle by forcing together pieces that dont fit.  As time goes by, however, various pieces do come together, and the big picture becomes clearer.  That may be happening now, so lets look at some of the pieces of this big picture puzzle.


SPX WKLY- I had pointed out a bearish rising wedge forming in the SPX since last spring & last summer.  After a break down this summer and back test, we had further selling as 2016 began. Is it done?

SPX WKLY 1-9.  

$RUT - The TRAN and RUT look to be starting lower highs and lower lows.  We could get a bounce soon, but you can see that with further selling this could easily drop to the 800 area.

RUT 1-8a wkly

Might a falling market help Miners, or do they all fall together?

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1-10-2016 Coming Together

As time goes by, it certainly seems like the pieces of the puzzle are coming together to reveal the Big Picture that I have been discussing for months.  2016 could be a great year for some, painful for others if this continues. Lets review.



SPX WKLY 1-9.  


RUT 1-8 wkly Read More

Bouncing Higher

Miners are moving higher as expected. Granted, they aren't exactly acting like the above picture, but lets look at some charts and see where some opportunities may be. 


EGO - After basing in a tight inverse H&S type base, EGO  is just breaking out above the 50sma now.

EGO 1-7 Read More


I dont regularly watch CNBC, but I was in the waiting room today and CNBC was on and I actually saw them reporting that North Korea tested a Hydrogen Bomb and caused the markets to sell off. I guess they dont use charts?  Was todays sell off sudden and unexpected? 


SPX -  We've been discussing it for months here at Chartfreak.   This Dec 31st chart showed that the SPX hit the top of its trading range, lost the 50sma, and was likely heading lower into 2016.

SPX 12-31

Now lets take a look at potential targets...

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PUBLIC POST: Embracing The Big Picture

As 2015 started to wind down in December, I began to lay out in my weekend reports a little more of the Big Picture changes that I think we might see as we head into 2016.  I decided to post a few of those charts here.


SPX -  This idea has been discussed in detail for weeks actually.  This is my chart from October 16 weekend report.  It continues to take time to see whether this will become a major break down or just a normal correction. Allow these charts from prior reports to point out the weakness that I was seeing as time went on.

SPX WKLY 10-16 2

Was this just a back test?

SPX Breaks

The RUT/ IWM / NYC  etc were not recovering to former highs with the other markets after the August drop.

IWM 12-24

So what about other areas of the markets as we move into 2016? 

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Short Term and Long Term

Though the long term views remain the same here at Chartfreak, the short term views do get a bit hazy at times. For Shorter Term Traders, we look for immediate low risk trade set ups, but some shorter term things are a tad unclear. I will show you what I am thinking is likely, but please remember that in times of uncertainty,  cash may nor be  NOT a bad thing.  Patience may even save funds for future trades.  🙂

SPX - As mentioned yesterday, we could be at support but this remains weak looking and even with a bounce we see overhead resistance that should be noted.

SPX 1-6

Remember that in the NASDAQ I pointed this out...

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Shattered Dreams?

Day 1 of 2016 was actually what we have been  expecting.  The question is , will there be follow through?

On Dec 30th , I showed this chart to point out that I had expected a drop in the markets.  Look how rapidly the CPCE dropped  ( bearish). After yesterdays drop in the markets, the CPCE currently reads .80  - so that can be close enough for a bounce, but the CPCE  also could move higher as seen on this chart. That means further downside is also possible today. Lets look at more charts...


SPX - Yesterdays drop did rebound a bit near support, so we may bounce, but this can keep selling off.

SPX 1-4

Overall this looks weak...

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Time For Changes?

In recent reports we've been discussing some possible bigger changes in the coming year. Lets review the markets and see if these changes still appear to be setting up as we start a new year.


2015 was pretty much a sideways year.

SPX, DJIA, RUT, NYA- Posted a yrly loss in 2015.  NASDAQ AND IBB posted small gains.


That alone is not signaling a change necessarily, so lets look at a few more things ...

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