Category: Mid Day Charts
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The market appears to be in the process of taking back the sell off from yesterday afternoon. I see a two tiered channel working higher. This is a relatively strong trend at...
Today is an FOMC announcement day and everyone is expecting a minimum of a .25 point cut in rates, but some say there is a possibility of a .50 point cut, so...
The price action this morning looks similar to yesterday’s at this time with the exception that the early down trend is much stronger today. Prices moved higher before going sideways yesterday, but...
So far this morning, prices have been trending lower. There is a break of the trend line going on now as I am typing, so it is possible we could see a...
The rally off the lows yesterday afternoon has continued into this mornings price action. There appears to be a two tiered channel working higher, although it might just be a spike and...
Not surprisingly, we are seeing a bit of a a correction this morning. The market is still trading at or near all time highs, so it is not unusual to see prices...
Prices have rallied higher since early in the over night session, but they have found resistance around the 3009.00 – 3010.00 price level. At this point the gap on the daily has...
Today looks to be another range type day. Watch the overnight highs and lows as how prices react at those levels will determine how the day will likely play out. I would...
Prices rallied some during the overnight session, but have been backing off the highs made just after the regular session opening. For now the bias is slightly neutral to possibly turning down....
So far this morning, things look to be range like once again. Prices are currently trending lower in a two tiered channel, but they are still trading inside the overnight highs and...