Good evening, traders, and Happy Thanksgiving!
Last discussed a couple of days ago here, the S&P 500 has struck this trend line:
Read more “Market Update for Wednesday, November 22nd, 2023”
Market Update for Tuesday, November 21st, 2023
Good afternoon, traders.
We had a little continuation from yesterday’s EOD drop, and we did nothing but consolidate after that. It’s possible that we’re facing a little bear flag here:
Market Update for Monday, November 20th, 2023
Good afternoon, traders.
Well my hopes for some rangebound conditions didn’t last long. We stayed rangebound only for a couple of days, but that turned out to be a consolidation before today’s possibly final, nearly parabolic squeeze.
In the process of that, we’ve produced a series of triangle-like structures, which is remarkable because we did exactly the same thing on the way down.
The Weekend Review of the Markets: Wen Bears?
Happy Weekend, traders.
After our huge reaction to the CPI print (which I don’t often try to predict), the indices have stalled and are presently producing some initial bearish structure:
Market Update for Thursday, November 16th, 2023
Good afternoon, traders.
The S&P 500 has moved very little, so I have little I can add. We still have what might be a little, tiny topping pattern developing here:
