https://chartfreak.com/wp-content/uploads/sites/18/2019/01/WALLs.jpg 639 805 Alex - Chart Freak https://chartfreak.com/wp-content/uploads/sites/6/2013/04/black_logo.png Alex - Chart Freak2019-01-09 12:33:012019-01-09 14:07:30Wednesday Jan 9th- The Climbing Wall
As the various sectors bounce out of their recent lows, they continue to do pretty good on the Climbing Wall. Some may be climbing the so called 'Wall of worry'. Let's take a look at the progress....
SPX #1 - If this is an ICL, we should have a month or two off of the lows, but we are seeing price enter 'resistance' areas. It CAN push higher, but we are nearing an area that may offer resistance and stall price too.Read More
https://chartfreak.com/wp-content/uploads/sites/18/2017/07/Change.jpg 505 884 Alex - Chart Freak https://chartfreak.com/wp-content/uploads/sites/6/2013/04/black_logo.png Alex - Chart Freak2019-01-08 03:15:442019-01-08 03:15:44January 8th - Mondays Pops
In The last quarter of 2018, various areas of the markets began drying up and going stale. We saw the equity markets & Oil crashing down and many good set ups that would form would quickly fall apart. Trades in Miners and some of the Medical Marijuana companies were playing out ok, but there was definitely a choppy vibe in the GDX & GDXJ area too, into December..
Suddenly, we have seen bottoms develop (temporary or longer term bottom remains to be seen), and along with these bottoms are set ups that are finally working out, and many are working out very well. Let's take a look at Mondays action....
REMINDER: At the end of December, IN MY REPORT, I mentioned that this reversal candle on day 39, was a buy in technical analysis, with a stop under that days lows. If an ICL is in place (Day 1) , those lows will not be broken for weeks. So far, this is playing out well. You can see that I said that " This is a BUY" in that December report.Read More
https://chartfreak.com/wp-content/uploads/sites/18/2016/08/CHANGE.jpg 534 909 Alex - Chart Freak https://chartfreak.com/wp-content/uploads/sites/6/2013/04/black_logo.png Alex - Chart Freak2019-01-05 21:28:262019-01-05 21:28:51Weekend Report- Things Gradually Change