What has been working lately?

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The markets have been quite volatile and choppy, and that can be difficult to trade. At chartfreak, we've been focusing on bases and up trends, so lets do a market review and discuss this further.

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SPX- I've been saying that I expect higher price, but this has been quite choppy.  If we dont get a surge higher soon, this could become an overbought bearish rising wedge.

SPX 2-29 . Read More

Weekend Review Feb 28

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We reach the end of the month on Monday, so Monthly charts will come in to play too.   Right now we'll take a look at how things are playing out using weekly and daily charts.

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Is That A Bull Flag?

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On Feb 17th, after the recent run up in Gold, I mentioned that it could Pause and form a Bull Flag.  These are often just a pause along the way  (although they can fail).  So lets discuss the last few days and discuss Golds Bull Flag and other important implications that I am seeing.

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Feb 17 - I discussed a possible Bull Flag forming after a strong run higher. 

GOLD 2-17

Feb 24,  We have the Flag and it is often  just a pause before continuing to run higher.

GOLD 2-24

Then I started seeing similar bullish formations in various Miners, like TGD. This is an ascending wedge or ascending triangle, and usually plays out in a bullish break higher too. Hmmm.

TGD 2-25

Lets discuss chart patterns and look at some more Miners...

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