$SMH monthly logarithmic chart. Tech leads the markets, $SMH leads tech, so this chart is concerning for bulls. Breaking below the yellow trend line could be a big problem.
Bonds need to be watched now too.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$QQQ weekly chart. Sellers remain in control.
Warnings were given here that the run up was not sustainable.
My acct. is at all-time highs, were you following along with us?
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$QQQ weekly chart. Sellers remain in control.
Warnings were given here that the run up was not sustainable.
My acct. is at all-time highs, were you following along with us?
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SMH weekly chart. A further decline this past week for the market leader. Big tech on the ropes does not bode well for the overall markets. Maybe it's just rotation, so something to keep an eye on.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SMH weekly chart. A further decline this past week for the market leader. Big tech on the ropes does not bode well for the overall markets. Maybe it's just rotation, so something to keep an eye on.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SMH weekly chart. I have been warning bulls here the last few weeks while the parabolic semis had been holding up, but now if we lose them things could get pretty ugly. Maybe a July rally first.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SMH weekly chart. I have been warning bulls here the last few weeks while the parabolic semis had been holding up, but now if we lose them things could get pretty ugly. Maybe a July rally first.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX and $CL daily charts. Even though it held the purple trend line and the week was up, $SPX disappointed overall, declining as the week went on; seasonality sucks right now too. Oil fell into support.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX and $CL daily charts. Even though it held the purple trend line and the week was up, $SPX disappointed overall, declining as the week went on; seasonality sucks right now too. Oil fell into support.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily and weekly charts. A new red channel has been established, guided by the 50 DMA. I don't like this bounce. We haven't fully re-tested 7000 yet.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily and weekly charts. A new red channel has been established, guided by the 50 DMA. I don't like this bounce. We haven't fully re-tested 7000 yet.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$ES and $SPX 4-hour chart. The sell off finally came. More to come? Fib and purple trend line working here.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$ES and $SPX 4-hour chart. The sell off finally came. More to come? Fib and purple trend line working here.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Longs continue to work as AI and earnings push the markets further up.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Longs continue to work as AI and earnings push the markets further up.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Useful trendlines this past week after crashing upwards: Monday and Tuesday sold off into a backtest of the purple trendline. Late Friday saw a rejection from the orange trendline.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Useful trendlines this past week after crashing upwards: Monday and Tuesday sold off into a backtest of the purple trendline. Late Friday saw a rejection from the orange trendline.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Bonds were the culprit as Friday's candle closed near the lows. Jack be nimble, Jack be quick, will Jack jump off the candlestick?
Nothing wrong with taking some profit here, just in case.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Bonds were the culprit as Friday's candle closed near the lows. Jack be nimble, Jack be quick, will Jack jump off the candlestick?
Nothing wrong with taking some profit here, just in case.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$QQQ weekly chart. Amazing bullishness, just relatively small pullbacks and minor pauses.
Of course, this is very unusual, and it won't last forever, but staying long and BTD keeps working.
Shorts run over.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$QQQ weekly chart. Amazing bullishness, just relatively small pullbacks and minor pauses.
Of course, this is very unusual, and it won't last forever, but staying long and BTD keeps working.
Shorts run over.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Last week's target was achieved and exceeded thanks to tech's leadership. Friday's shooting star topped at the purple trend line, so something to watch.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Last week's target was achieved and exceeded thanks to tech's leadership. Friday's shooting star topped at the purple trend line, so something to watch.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$QQQ and $ES daily charts. Last week, as expected, the orange trend line gave us a pause, then we saw tech lead markets to new highs. Fibonacci extensions might give us a clue for targets, 7230.50 next.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$QQQ and $ES daily charts. Last week, as expected, the orange trend line gave us a pause, then we saw tech lead markets to new highs. Fibonacci extensions might give us a clue for targets, 7230.50 next.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$QQQ daily chart. Pretty amazing. Approaching a possible pull back area at the orange trend line during a lock out rally. News is still driving the markets, and this kind of recent move is unsustainable.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$QQQ daily chart. Pretty amazing. Approaching a possible pull back area at the orange trend line during a lock out rally. News is still driving the markets, and this kind of recent move is unsustainable.
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$SPX weekly and daily charts. Many traders and investors keep their noses pressed up against their screens; they don't see the forest for the trees. Step back and see the big picture, make an if/then plan.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX weekly and daily charts. Many traders and investors keep their noses pressed up against their screens; they don't see the forest for the trees. Step back and see the big picture, make an if/then plan.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$ES daily chart. Making sense of a news-driven market. Fibonacci .382 and 20 DMA holding as resistance so far. A possible bottom, but don't be complacent, more USA military is moving toward Iran for a reason.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$ES daily chart. Making sense of a news-driven market. Fibonacci .382 and 20 DMA holding as resistance so far. A possible bottom, but don't be complacent, more USA military is moving toward Iran for a reason.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. A decisive break down on Friday opens up more bearish possibilities. Don't say you weren't warned. #Trump is stuck, as pulling a #TACO move now would just give #Iran more breathing room.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. A decisive break down on Friday opens up more bearish possibilities. Don't say you weren't warned. #Trump is stuck, as pulling a #TACO move now would just give #Iran more breathing room.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Channel is lost, testing the November lows. End of day and after hours Friday saw an oversold bounce, but being under the 200 DMA is bearish, any hope bulls have rests with a quick reclaim.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPX daily chart. Channel is lost, testing the November lows. End of day and after hours Friday saw an oversold bounce, but being under the 200 DMA is bearish, any hope bulls have rests with a quick reclaim.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY
$SPY daily chart. Two weeks ago, when SPY closed at about 686, I said we could see 666 and this week it hit that number. Now we're below 666 at 662. Next possible support is the 200 DMA at 658.
$SPX $SPY $ES $NDX $QQQ $NQ $DJI $YM $DIA $IWM $RTY $VXX $SLV $GLD $DXY