Tag: $JNK
Unlock with Patreon$SPX Update
Ok, We Made It: Now What?
Have the Bears Lost Their Mojo?
$SPX Early Weekend Review
$SPX Evening Update
The Weekend Review of Important Assets
Two Equally Valid Paths, It Seems to Me
What Other Evidence Can We look At?
Let’s look at another thought, too. The other day, I pointed out these triangles. They looked great. Let’s review one of them ($AMC). When I made that post, we were at the tip of the red arrow. And it looked great there. We had 5 waves up for green “C.” But, we didn’t break down. However, we’re not invalidated yet, as we’re also at a great fib here. What if “C” is right here instead?
Read more “What Other Evidence Can We look At?”
Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.
So Far So Good; Alternatives I See From Here Are Either: 1) Bearish, or 2) More Bearish
I don’t have a lot fundamentally to discuss this weekend. I will, however, run through a somewhat long list of technical features that I see on a variety of instruments.
It is still possible for the S&P 500 to have another leg up (discussed here) because the triangle did not break down and we began to take out some of the highs to our left (from this again), but, we perhaps did not take out enough of them, as the consolidation from 6/29 (orange ellipse pointed to below) is especially important. As it stands, the rally on Friday felt to me like short covering only, and we remain within “technical” bear market territory.
Read more “So Far So Good; Alternatives I See From Here Are Either: 1) Bearish, or 2) More Bearish”
Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.