S&P 500 Voodoo Lines road map points to short-term bullishness
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Archives: Daily Videos
Shipping Out
Bears are starting to reaffirm their grip on this market, and unless some magical low is made in the next few days, FedEx seems destined for lower prices.
The Oncoming Storm
The theme remains the same across many markets, but the speed of those themes may be getting ready to accelerate. Let’s look at a few of the clouds on the horizon and what their implications may be into the November expiration.
3700… and Beyond!!!
This video is more of a diagnosis of what it means to close back down below 3700 for today with one last day left in the week of trading. Yesterday’s low was 3677 so I actually love the argument of stepping into buy this with a bullish target of +3700 for tomorrow.
Structure is here, and I’m a fan
In this video, I discuss my thoughts on the progress up to 3838.5 which is a 50% retrace from the August highs. We are well on our way for a repeat heading into November and I’m thinking the rally could just be starting up, as there is a fresh new squeeze on the /ES daily chart.
Making of a bear flag
It seems to me the market is going to drift upward, but the path is unclear. And while we could look to play the bullish side, I think the bigger move will be down once the SPY and its Daily 50 SMA meet.
Market bear flagging, oil taking the lead
The general idea of what I see the market doing right now is drifting upward to meet its Daily 50 SMA. I am not sure of the path, but I think they will converge on each other, and that will setup the next major direction which I believe will be new lows. Let’s watch and see if the bear flag plays out in such a way.
Calm Before the Storm
While the market churns in this wide ranging chop to no avail, I think I see what is going on and when it may end. I’ll do my best to explain what I am looking at in tonight’s mid week market update.
Biding Our Time — What to do in a Doldrum Market
Check this video to see how we allocate our time in a choppy market, and avoid risk-prone pitfalls.
The Next Major Squeeze
With every chart I review, the first thing I’m looking for is the status of the Squeeze. This signal is helpful with directional moves, and is starting to show up in some of the most important currencies and stock indexes.