Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Tuesday June 26th – Market Drops Monday
NASDAQ - June 18th, I showed the bearish rising wedge forming on the SPX & NASDAQ . Read the chart.
NASDAQ - After 4 drops & reversals higher in a row, we had a POP to new highs. Deceptively strong looking, but the WEDGE was still in tact, so I wrote that "we would see if this bearish rising wedge would break out higher or down" ( They almost always drop down).
THE WEEKEND REPORT SHOWED THIS WEDGE AGAIN. I SEE A HIGH VOLUME DROP FRIDAY THAT WAS LIKELY POINTING TO A COMING TECH DROP.
NASDAQ - Monday at 10 in the morning , this is how Monday started...
June 21st – Golden Plunge
We have been waiting for a bit of a Golden Plunge for a while, and it is not something to fear if it happens. We are in the timing for an ICL, so the next drop could be he final drop before a strong rally begins. Let's review the various Market Sectors and discuss Gold expectations again...
Wednesday June 20th
NASDAQ - As the markets try to pull back, it looks like buyers are stepping in and propping it up a bit. We have seen 4 reversals in a row during the selling in NASDAQ.
Still Waiting On Gold – Weekend Report
It was a crazy week of activity, from the meeting between U.S. President Trump & North Korean leader Kim Jong - Un, to the FOMC Mtg Wednesday and the ECB Mtg Thursday. With all of that, nothing really changed....until Friday! Let's discuss the weeks Market activity...
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SPX WEEKLY - Nothing changed with the General Markets, this is still a bullish set up.
