The indices took off on cue after the three day a-b-c short term pullback. Tomorrow is day 11 of the rally and I want to see price over the high from last week at the end of this week. Continue reading
Market Extends Rally After A-B-C Correction
July 29th, 2008 No Comments
Tags: A-B-C Correction · Narrow Range · Nasdaq Charts · Pullback
The NDX is Coiled and the RUT has Cup-with-Handle
July 29th, 2008 No Comments
The NDX is in a strong position while the RUT has formed an upside down cup-with-handle which is not bullish at all. Continue reading
Tags: Cup with Handle · Gann Angle Fan · Narrow Range · Nasdaq Charts · Russell 2000 Smallcaps · Volume
SPX Heading for Multi-Angle Point?
May 8th, 2008 No Comments
I changed the longer term SPX chart I have shown before to a weekly chart for clarity. The 1440 level hosts a merger of three angles that may draw price up. It looks to be about three weeks away so we could visit the 1:1 ascending Gann angle from the Oct-Mar range shown yesterday which is near SPX 1375. Continue reading
Tags: About · Gann Angle Fan · Narrow Range · Standard and Poor's 500 (S&P500)
SPX Narrow Range
April 9th, 2008 No Comments
Not much happening. Price has basically gone nowhere for 5 days and volume has dried up. Six or seven day narrow range setup - NR6/NR7. A 50% retrace of the two day thrust would go back to around 1350. Continue reading
Tags: Narrow Range · Standard and Poor's 500 (S&P500)
Inside day on the Naz
April 7th, 2008 No Comments
The only index down today was the COMPQ and that was an inside day on low volume. Nothing has changed and I am still expecting one more thrust up to around SPX 1400. Continue reading
Tags: Narrow Range · Nasdaq Charts