Category: Mid Day Charts
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Prices are selling off strongly after an early rally from the unemployment numbers. There is a two-tiered channel working lower, so stay with that until the price action shows us otherwise....
Prices started out range bound but appear to be trying to push higher this morning. I would expect that prices will attempt to trade into the upper bands on the daily chart...
Today has been mostly sideways and mixed so far. As of now, I am calling this a range day with mixed trading. That could change as the day progresses, but that is...
As you might expect, prices did reverse on the oversold conditions from the daily chart. The rally has been rather large so far this morning, and there is a large overhead gap...
The trend is down and down strongly this morning. Prices are easing into oversold territory, but that doesn’t mean they will reverse right away. We could still see more downward movement, and...
Sorry that I was unable to get to the chart lesson yesterday. I still had an emergency power situation which we worked on until 9 PM, and I just couldn’t get back...
The market remains quiet this morning so far, and the volatility is much lower. There are no news items today to spark any big moves, but the volatility can always change as...
Prices rallied during the overnight leaving a large gap on the chart. Prices turned down almost immediately at the open, most likely in an attempt to fill the lower gap. The overnight...
It looked as if prices would trade lower again this morning, but after testing the lows of yesterday, prices turned and rallied higher. For now, the trend and bias are both up....
UPDATE: The market dropped quickly just after I posted my chart, so for now, it does appear that the trend and bias are both down. Below is an updated look at my...