Whats Your Favorite Color?

If your favorite color is GREEN, then you probably like the futures this morning at 6 a.m. Eastern time. Is Green expected to continue as the color of the day?   lets take a look.

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SPX- yesterday I thought we could expect a reversal and it looks to have happened

SPX 6-9

The NASDAQ looks very much the same, except...

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Interesting Developments

It seems that things continue to play out as outlined here over the past few weeks and months. Lets look at the charts.

 

SPX- watch this number.  SPX needs to bounce soon.

SPX 6-8  

The markets have not had a healthy correction in years. A long term chart shows ...

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33 Charts

The charts have lots to say,  lets just look at the charts....

SPX- I have been watching a wedge pattern for months.  It looks a lot like it  broke down & back-tested  (Orange Arrow)  It needs to break higher real soon or it will continue to just roll over.

SPX 6-5 Read More