Author Archive for: Alex - Chart Freak

Let's go over the markets and see what may or may not have changed with the Fed Rate Hike this week.  🙂

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This was my MARCH 10th SPX chart- I expected the general markets to drop back a bit more on the pull back, and then to put in another run higher. It would then be in the timing to roll over into an ICL as shown.

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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

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The weekend report said it all, this is just a quick update

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After a quick market review, I wanted to just briefly touch on the fact that we have 'No Bounce' in the Precious Metals sector.

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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...

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