Mid Day Chart 12-5-2014

Mack

Prices look range bound overall, but I also see a possible upward channel that has prices trending upwards.  The bias is slightly up for now, although this could change.  Draw your short...

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Mid Day Chart 12-4-2014

Mack

While prices sold off strongly during the over night session, they are clearly range bound for now.  The market has a bearish slant at this point and it is very possible we...

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Mid Day Chart 12-3-2014

Mack

It appears that the rally from yesterday is trying to continue today.  I see an upward trending channel with a break and prices attempting a retest with a new high already in...

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Mid Day Chart 12-2-2014

Mack

This could end as just another range type day, but as of now, I see a two tiered channel working higher in an upward trend.  Draw your shorter term trend lines to...

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Mid Day Chart 12-1-2014

Mack

Prices are looking range bound, although I see what looks like a two tiered downward sloping channel as well.  The fact that prices over shot the lower line concerns me if the...

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Mid Day Chart 11-25-2014

Mack

So far today, prices are moving in a typical holiday fashion.  This does not mean that things will not or can not change, but rarely during weeks like this do you see a...

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Mid Day Chart 11-24-2014

Mack

Prices rallied all night and right into 8:30 AM CST, only to start correcting right around the regular session opening.  This could be another range type day, but I see a larger...

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Mid Day Chart 11-20-2014

Mack

Prices trended down in the overnight, but have been trending up since just before the regular session open at 8:30 AM CST.  There could be a larger pattern that is forming, but...

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Mid Day Chart 11-19-2014

Mack

Yesterday it was all up hill, but today so far, everything is all down hill.  Do not forget that today is an FOMC announcement day, so things could get crazy around 1:00...

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Mid Day Chart 11-18-2014

Mack

So far, today is a trend day with prices trending higher in a nice tight trend channel.  This doesn’t mean that we will not find resistance and it end up being a...

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