The rising wedge breakdown pattern has confirmed lower. Next target /ES 3850.
With the breakdown of the rising wedge and 60min bear flag, suggest that price may test 3850.
Archives: Daily Videos
Sometimes A Surprise In December
It isn’t taking that much for the market to fizzle out. I still like the /ES daily chart now that we have some support and a squeeze, but is this something that we should buy or sell? It is the month of December and sometimes the market surprises to the upside. In today’s video I give a broad overview in this pong-pong of a market.
A Floor And Support, But Is It Enough?
Hey folks, today I give a broad overview of my expectations and things to look out for in the next coming weeks. We clearly have a floor and some support, but is it enough? I’m super cautious here, let us discuss.
Is Bitcoin Ready to Break?
So much of next week’s decisions will likely be dependent on the Fed and their decision with interest rates. Two of the markets that should see the impact of that are the US dollar and Bitcoin. Let’s review those patterns and what they might mean for equities.
Looking at the Next Leg Lower
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A sell-off in bonds finally pulls down equity indexes.
A selloff in bonds from a key resistance area, coupled with worries about upcoming economic reports, led to a sharp sell-off.
Snacking On Chips
The semiconductor industry is as critical as ever, but timing the trade is what it’s all about. Let’s look at that in tonight’s video, updating fresh signals showing up on the daily chart.
Prepping for PPI
Equities have been especially fickle around economic data as of late, and Friday should be no different. PPI will hit the wire 1 hour before cash markets open, and these are the considerations I’m making ahead of that report.
Here’s where to buy the dip.
Pullbacks buys, mean reversions, buy the dip… it’s back if you know where to look and how to measure it. Here is where the buy the dips are beginning to setup.
Uptrends to Watch
Let’s focus on trends since those give us the best edge and chance for follow-through. In this update, we get into why the Dow is moving higher and what the other trades it could signal are.