Author Archive for: Alex - Chart Freak
Entries by Alex - Chart Freak
Post Fed Explosions
We got a Fed rate decision, and we got some Fed Decision follow through. It clears things up in the short tern time frame and makes it easier to see what is going on,. Let's see what Wednesday brought our way.
SPX March 9 - I was looking for a shallow DCL The RSI started curling upward while price was dropping...
SPX MARCH 10 - A swing formed and the dcl was due and likely in place.
Now we have a confirmed DCL, as seen here
Tuesday 5-14-2017
The weekend report said it all, this is just a quick update
March 11 Weekend Report
"Yes, there are two paths you can go by,
But in the long run,
There's still time to change the road you're on."
Friday March 10th
After a quick market review, I wanted to just briefly touch on the fact that we have 'No Bounce' in the Precious Metals sector.
March 9th – Oil Rolled Over Too
The pullback in the general markets remains orderly and rather mild. We are deep in the timing for a swing low dcl.
March 8th –
Things are lining up as expected now, but one sector may be a little too hot to the touch for non day traders, while others may be looking forward to a fast trade or two. Let's take a look at these markets...
March 7th –
Let's discuss a little bit of what has happened since the weekend report.
NATGAS from the weekend report. This has been a low risk entrywhen it moved above the 10sma, but there is resistance at the 200sma. Notice how NATGAS started out slow and then rallied strongly out of Novembers lows.
There is one thing that I am considering in the NATGAS area however...
March 3- Behind The Beauty Cracks Appear
This week we saw the Markets continue to fly higher and even Gold and Silver were making new highs. What happened to the Miners? Behind all that beauty, cracks appeared, and that is going to be the focus of the weekend report. I have a LOT to discuss, so lets get right into it.
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SPX - We are very due for a dip into a dcl, but this is strong. Look for a break of the 10sma, please read the chart, I do not think that a dip will mark the top.
