Category: Mid Day Charts
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We had a tight channel that was trending higher most of the overnight. That channel had a break and a successful retest, and now the market is correcting. This is a good...
The pattern today is similar to what we saw at the open yesterday with prices trading down in the overnight session until they bounced soon after the regular session opening. That doesn’t...
There was a strong sell off during the over night hours, but it subsided soon after the regular session open and prices have been trending higher since then. For now, prices are...
Today is looking to shape up as a possible range day. Prices are working both sides of the EMA and found support off the lows, and now off the highs. I would...
It has been a relatively easy day thus far with everything being down hill. Notice that the market is consistently making lower highs and lower lows, the EMA is pointing down sharply...
There was a clear down trend to start the day, but the market reversed quickly after the regular session opening. You can see the clear channel that was working lower in the...
Prices have been range bound today so far, and after the nice rally yesterday, I would expect that we will see some consolidation today before going into the holiday weekend. I also...
The market is up this morning and trending nicely so far. The question is, will the trend continue today or will things slow down again? Looks like those people that were buying...
It looks like another possible range day. The majority of the price action has been within a two point range, so I am hoping that range does not hold as the day...
It seems like it’s been a short week, but probably because I have been so busy catching up this week. Anyway, it is Friday and it would not surprise me to see...