Swing Charts

Swing charts provide context to a move.  Is this the largest move in points of the swing?  Is this the most days up/down of the swing.  Following these charts on a daily basis will provide many trading insights not found using other forms of technical analysis.  This page is only an example that is updated weekly.  For weekly and monthly charts, once a week analysis is probably all that is needed.  To trade based on the daily chart you will need to do this for each entity you are trading.  Believe me, it really does change your perspective of ongoing moves when you take the time to watch the swing chart.

SPX Charts

Price failed has been having 4-5 day down thrust and counter-trend rallies of only 1-3 days.  This is bearish until it changes.

The weekly chart had a 9 week thrust up from the March low and is in a 6 week counter-trend.  This is not bullish because the March low has been exceeded.  A move up here would mean a failed bearish run and back to the bull mode.

The monthly chart shows a rare move of five months down (actually two inside months within).   I believe this five month move down will lead to more downside following this move into October.  The strength of the move down will be compared to the previous move down to see if the market is gaining or losing momentum to the downside.

NDX Charts

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