Swing Charts

The analysis on this page reflects price and time observations that may take weeks or months to develop.  When a key point is hit or observation leads to a change in expectations, then I will update the text.  My goal is not to have a unique set of observations for each week of updates.

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. 

SPX Charts

Until the recent topping action, the largest drop since the low was 53 points in 4 days.  The longest drop was 5 days.  In May, price dropped 51 points in 7 days.  This is a signal that the trend "may" be in the process of changing.  As long as price remains above the recent lows then it could just be doing a stutter-step to fake out the traders.

The two bar swing changes only when there is a confirmation week of a change in the swing direction.  Price has not made a swing high year and is not in a confirmed bull market.

The move up has only been 3 months in duration and not significant in this timeframe.

NDX Charts

The recent drop of 96 down in 7 days was overridden but the subsequent swing high.

The March test of the November low was less in points that the last swing down.  This was followed by a swing up of 395 point in 56 days which was somewhat impressive versus the moves down.

The monthly chart is forming a possible low.

VLE Charts

The daily chart continues to swing higher.

The weekly chart has not made a new swing high yet and is not in bull mode.  Price has made it back to the 50% retrace level which is bullish.

The monthly chart shows only a couple months up and is not significant.