Good afternoon, traders.
After a harsh reaction to the FOMC meeting, the bears are getting even more out of this bear flag:
Read more “Market Update for Wednesday, September 20th, 2023”
Good afternoon, traders.
After a harsh reaction to the FOMC meeting, the bears are getting even more out of this bear flag:
Read more “Market Update for Wednesday, September 20th, 2023”
Good afternoon, traders.
The S&P 500 has made what I like call a “bow tie” pattern:
In this weekend’s newsletter, I will discuss a handful of things and I few things I would hope to see with the S&P 500 coming up soon and why.
First, let’s review the general structure of what’s becoming a slop fest up at these highs.
At yesterday’s open, we could see what looked like a bull flag, from which we then fell, and in doing so, we broke the bear [sic] minimum of up trend lines. And today, you see how that lower rail of that bull flag (if we project it much further forward) has served as a sort of magnet:
Read more “The Weekend Review of the Markets: Just a Few Things”
Good afternoon, traders. We have some interesting developments.
Today, the S&P 500 took a break from its relentless bid and, at the open, gapped to a point around which we could generate a bull flag: