Editor reviews are provided by professional editors who evaluate a blog based on the following criteria: Frequency of Updates, Relevance of Content, Site Design, and Writing Style.
It was a nice strong day until the last hour or so. The sell-off that ensued still left us with an up trending day on the daily chart of the cash S&P500, but it was not convincing. Candlestick-wise it looks like we had a Doji star with a long upper...
It was an “inside” day on the daily chart of the cash S&P500 yesterday. With bullish divergence between price and the RSI in place, the index was able to stabilize. At the end of the day we were able to close above the L1 PP alpha-delta trend line...
When all was said and done yesterday we ended up with a down trending price bar on the daily chart of the cash S&P500. When prices approached the TD Supply Line (at 1052.33 yesterday) supply did indeed enter the market and we could go no higher than...
Yesterday I presented a review of the weekly chart that indicated we had just made a qualified break of the TD Demand Line. If confirmed this week (with a move below 1033.38) it projects to 987.51, which is below the critical value of 1019.95. The...
Yesterday I presented a review of the monthly chart. That work indicated that if 1019.95 is broken the bears will have the upper hand with an initial downside objective between 910 and 940. This zone complements the conclusion from last week when I...
