Category: Mid Day Charts
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Today looks very similar to yesterday’s chart. That could change, but for now, it looks like a range day that is very typical to Thursday’s price action. I switched to the December...
There is a definite downward bias so far this morning. What looks like a possible trading range may actually be a two tiered downward sloping channel, but we need to see a...
I’m seeing what looks like a two tiered trading range at the moment. There was a clear (shorter term) channel working lower, with a break of the trend line followed by two...
I see a two tiered channel working lower at the moment. Prices haven’t tested the upper channel line yet though, so I would like to see a bit more price action before...
Today started off as a very tight range day with two levels, but has now started trending lower. The larger two tiered trend needs a bit more price action to confirm, but...
I am back from vacation, but unfortunately, I have a crazy week with some personal business that I will be taking care of this week. I am starting a new real estate...
Yellen is speaking on behalf of the Fed in Wyoming this morning, and that did create some volatility right around 9 AM CST this morning. At the moment, the price action is...
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...