WEDNESDAY MAY 23rd – Hump Day

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REVIEW:  SPX looked like a Bull Flag Last Friday, I expected a break higher.

 

After that break higher, This is copy pasted from yesterdays report.  We should expect a possible gap fill.  Markets could 'stall' to fill that gap.

 

SPX - The markets did move higher in the morning and then closed down, partially filling the gap.  I am seeing short term weakness in some of my other indicators (Not shown), so I'm wondering if this is going to tag that 50sma again? The weakness at this point is nothing too serious and a push higher will help turn those back upward.

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Tuesday May 22nd

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 Mondays Markets...

 

SPX MAY 18th -  Last week I mentioned that we had a bull flag forming on the 10sma, so it should break higher...

 

SPX - The General markets did break higher, but they gapped open. Toward the end of the day, they started to sell off, but they still didn't close those gaps. The gaps could fill, however...

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MAY 19 WEEKEND REPORT – REST UP

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Rest up this weekend, and we'll review the markets and the action that we can expect as things move forward.  I'm really loving the way the Precious Metals markets are setting up for example, so far very much as expected.  Lets just get right into it and take a look at our markets...

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