I see two possible channels this morning, and until we get a bit more price action, it will be difficult to determine which is the most important. The steeper channel (green channel)...
There is an FOMC announcement today at 1 PM CST, and if today is like most average FOMC type days, the market will not do much prior to the announcement. Generally you...
I delayed posting today’s chart with the hopes that something might happen to give us a better idea of the price action direction today, but that has still not happened. Today looks...
I see a gap up this morning that looks like a spike and channel pattern. When you see a lot of small choppy bars that keep moving in one direction, it is
UPDATE: Now that we have a bit more price action to the down side, I see what appears to be a nice two tiered downward channel. A measured move down would give...
Today looks very rangy again so far, with prices swinging from one side of the EMA to the other. I do see a possible two tiered upward channel, but it’s so flat...
While the bias was down slightly this morning, this looks more like a trading range than anything else right now. There was a break of the trend line and a retest with
It has been down hill all the way today so far. Even though it felt like we had a lot of movement yesterday, the market basically closed unchanged for the day. The...
The trend continues to be us so far today. What started out as a strong move up in the over night has leveled off to a more manageable 45 degree trend at...
I have received an exceptional number of comments about my “soapbox” comments from Wednesday’s YouTube video, so I decided to take that portion only from the video and add it to a