We already have a C&H in play from the previous all time high, Then at $800 we have this epic H&S confirmation to look forward to.
On this weekly chart, the SPX just couldnt look more bullish to me. Check out the volume surges and the RBL on the RSI. Also note that price and the RSI are both sitting on support right here and at a retest of the DTL. The only thing I dont like is the negative divergence on the RSI and the PAs multiple failures to make new highs. If the SPX rolls 2000s and...
Full credit initially for this chart goes to JoeBu on Trading View. He was kind enough to share his initial chart with me. This is an updated chart following my last chart on the failure of the megabull that occurred after January 15th. This chart is my predictive forecast on the occurrence of the next Megabull cycle after our latest failure at the double top...
First of all, kudos to all of those who rode yesterday's rally!! I rode it with good size and closed near the close sequentially, around 210.50s in average exit price. On wednesday 18th, the FOMC committee communicated two big shifts in its forward guidance regarding the interest rate path: 1. Lowering the Fed Funds Rate forecast for the end of 2015 (from 1,125%...
Elliott Wave Principle defines us above all direction. Chart above shows alternate descriptions waves than the $QQQ chart / /. But the direction is the same. Before us Alibaba IPO, option expiration week, FOMC meeting, the end of the quarter. These events will uphold the market. And besides - a symmetrical triangle it's perfect example of wave 4. thepatternsite.com
IF A COMPANY HAS CONTINUED GROWTH IN A CHANNEL WITH FLAWLESS STRENGTH AND A NICHE MARKET FOR A PRODUCT USED AS NECESSITY IN AN ECONOMY STRUGGLING TO FIND PRODUCTION YET PRODUCE OIL AND GAS WHICH IN TURN GASOLINE RISING AT THE PUMP AND CORN BASED ETHANOL OUR ATTEMPT TO GO GREEN IN A DIRTY BLACK FOSSIL FUEL LOL. THE GOVERNMENT MANDATES A PERCENTAGE IN EACH GALLON...