The Dow 123 pattern is a classic, centuries-old pattern that I have been using for over 20 years. The chop on the daily timeframe is not telling us much but this pattern could be important if it completes and triggers.
Scanning the S&P and sectors for setups as well as why energy is where the trends are and an oversold crude oil market could be setting up a buy.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Three big signals you need to see as this will shape the market for the next year. See if you can play devil’s advocate against what I show you in this video.
This market is under heavy moving averages, and the way in which the market closed today on Friday says a lot about how we shouldn’t be shocked about another major move lower. Don’t let any bullish rip tell you any different! In this video I discuss levels to look out for.
This market is under heavy moving averages, and the way in which the market closed today on Friday says a lot about how we shouldn’t be shocked about another major move lower. Don’t let any bullish rip tell you any different! In this video I discuss levels to look out for.
We continue to trade below the most important Voodoo Lines levels. That continues to suggest a bearish posture, so let’s look at the other important levels to watch.
In yesterday’s free video we discussed a critical level in AAPL. Today the level held within $0.03 and made for the perfect exit on our put debit spread. Let’s review the trade and what it might mean for action into Friday.
