Entries by Alex - Chart Freak

May 10th – Cross That Line

May 10, 2018 /154 Comments/in /by

 

 

SPX - The General Markets are shaping up and as mentioned in yesterdays report- I expect the SPX to cross this line.  That is ( at least short term) A bullish break out from a down trend. We also have been watching this triangle formation.

 

And this is why I mentioned that I would expect a break higher...

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May 5th Weekend Report

May 6, 2018 /170 Comments/in /by

Usually for the weekend report, I like to take a step back and see the Big Picture, but for this weeks report we will have several daily charts too.  This will help us to focus on what to expect in the short term as well as keeping the longer term Big Picture in view.

 

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May 3rd – 1 step closer

May 3, 2018 /70 Comments/in /by

 When it comes to cycle timing, every step does get us closer to our goal.

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SPX DAILY  - WEAK. We will be on day 23 Thursday, and the markets moved slightly higher after Wednesdays FOMC Decision, and then sold off into the close. This still looks weak, I remain cautious.

 

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Tuesday May 1st

May 1, 2018 /74 Comments/in /by

 I have been expecting this to be an active week, so as we approach FED Wednesday, lets review how Monday traded...

 

SPX - So far, the move out of the April lows has been weak and appears to be struggling at the 50sma.  With the daily cycle count ticking away, this needs to break above that 50sma soon, or it will get caught up in a sell off when the 'time' is up.

 

And don't forget this...

 

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4-28 Weekend Report

April 28, 2018 /45 Comments/in /by

I have been covering the Big Picture in the weekend reports, and not a whole lot changed since the last weekend report really. That said, I will cover all of the market sectors that I usually do, and discuss the possibilities going forward. I expect this to me a week of increased activity (FOMC).

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Fridays Assortment

April 27, 2018 /106 Comments/in /by

 

SPX - We have a swing low at what looks to be a 1/2 cycle low on day 18. The follow through will tell us the strength of the daily cycle.  The 200sma acted as support, and volume increased off of the low. I willbe watching for a break of the down trend line & a new high above day 12.

 

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