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It is the Last day of the week and the Elections have passed, the somewhat non-event of the FOMC Meeting has passed, so now let's just take a look at what we have going on...
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SPX - We had a slight pause on day 8, so I have just drawn in a possible dip to an inverse H&S at the 10 sma as support. This is just hypothetical.
However here is another reason that I think we may see a drop in the General Markets....
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Alex - Chart Freak2018-11-09 11:30:262018-11-09 11:41:35November 8th – FridayAs mentioned yesterday, Markets do not like uncertainty, but with elections out of the way, we could get a Post Election Pop. As you can see, we got that Pop. Today is an FOMC Meeting, and there were a few other areas of interest that continued to set up for higher price too. Let's take a look...
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SPX - On day 7, we can expect markets to hold up above the swing low from here, but I'm still wondering if they can recover fully, or will things remain a bit choppy again going forward?
This is what I am looking at...
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Alex - Chart Freak2018-11-08 13:11:232018-11-08 13:39:26November 8th – Propping Up The Markets
It has been difficult trading or investing for the Buy & Hold group. October was a drop into our ICL , and it was a deep one. Since then, we have seen a lot of choppiness heading into the U.S. Elections. Markets do hate uncertainty. Now that that will be behind us, we still have an FOMC Mtg scheduled for Wednesday & Thursday of this week, so unless we get a strong reaction higher when the results of the elections are released, maybe we should just expect a bit more choppiness . Let's review our market sectors...
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SPX - After an A-B-C type sell off , this looks like an ICL is in place and we are on day 6. Resistance is right above, so the elections results could push price through. Markets do not do well in uncertain times, so the post election results could help the markets.
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Alex - Chart Freak2018-11-07 13:00:192018-11-07 13:11:21November 7th – Elections, an FOMC Meeting, and More ChopI'll tell you what's up...
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Alex - Chart Freak2018-11-06 12:21:542018-11-06 12:21:54November 6th – What’s Up?When you take a look at the weekend reports charts, you will see that we have been buying in areas that went on sale recently. To The Charts!!...
SPX WEEKLY - We have our weekly reversal in the General markets.
Let's discuss this further...
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Alex - Chart Freak2018-11-03 14:07:522018-11-03 14:12:32November 3rd – The Weekend Fire SaleLet's talk about Thursdays trading...
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Alex - Chart Freak2018-11-02 02:33:432018-11-02 02:33:43Friday – I Want To See A Golden Giraffe
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Alex - Chart Freak2018-11-01 11:14:492018-11-01 11:16:57November 1st – Setting UpOnce again, not a lot has changed from the expectations that we have had for a while now, but I do believe that we are now very close to some changes. Let's discuss that...
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Alex - Chart Freak2018-10-31 11:09:112018-10-31 11:09:11Let’s Discuss Some Upcoming Changes
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Alex - Chart Freak2018-10-30 11:52:342018-10-30 11:52:34Tuesday October 30 ThI have been digging in this weekend, and looking for more clues within our market sectors. Let's just get right to it, I've stumbled across some rather 'interesting' finds to share with you. We will focus much of this report on the GOLD & MINERS , after reviewing the Big Picture on the General Markets and Oil...
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SPX DAILY - The selling has been relentless and as mentioned, the safer buy would be to wait for a confirmed daily cycle low (DCL). Though we did have a bounce over a week ago, this week we did not have enough buying to push above that 10sma. That said, CYCLE COUNT indicates that we are very close to that dcl. A doji candle formed Friday, a candle of indecision with Buyers Vs Sellers breaking even. THE LOWS ARE DUE.
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Alex - Chart Freak2018-10-27 23:00:422018-10-27 23:00:42Weekend Detective Work
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