Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
May 24th – Better Days Ahead
We know that volatility and choppiness can be frustrating and disappointing, and a few of my trades have tossed me around a bit too. That said, I want to also say, "Trust me, we've have been through this MANY times before, and I can say with full confidence- Better Days ( of trading) Are Ahead!"
Wednesday May 22 – Fed Minutes
Today the Fed Minutes are expected to provide insights into the May 1 central bank meeting. Policymakers decided to keep interest rates steady, and I do have some interesting things to show you pertaining to that. 2 P.M. Eastern Time will be the time that the minutes are released, so set your alarm 🙂 Let's take a look at the Markets.
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SPX - This was the SPX in yesterdays report, showing a possible back test and the DCL is in place...
May 20 – Still Choppy
One thing that the markets do not like is indecision, and lately with the China Tariff 'cause and effect', the Markets are having a tough time gaining traction. I believe we also get the release of the Fed Minutes this Wednesday, so it seems like we are in for some more choppiness. Let's just take a look at what the week started off like...
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SPX - We had the break of the short term downtrend recently, but the upside follow through has been lacking. The SPX lost the 50sma, but this may just be a back test of that trend line. We'll see if we get a bounce Tuesday.
May 18th 2019 Weekend Report
For our Weekend Report, we'll take a look at the changes that took place this week, and see how our Big Picture Views are shaping up. I think that you that you are going to love this report, so please take your time with the precious metals Sector and enjoy...
SPX - The General Markets are due for a dcl, and this looks like day 4 even though it sold off Friday. I wanted to start with the DAILY Chart, because the weekly alone would look less like a DCL formed.
