U.S Equity Index’s Overview – A Repeating Pattern
The Bull Thesis – Ascending Triangles
The 200 day (blue line on each chart) is squeezing price up towards each red resistance line making each chart look like an ascending triangle (evident on every chart). With the 200 day as underside support for price and the 200 day sloping upwards, things remain...
NYSE Arca Major Market Index - TVC:XMI
The XMI Index is a chart that gets overlooked by many but it is still monitored by OG legacy traders. I recently came across the XMI being utilized by Sentiment Trader in one of their reports, considering that Sentiment Trader provide some of the best metrics in the business, their coverage of the XMI peaked my...
Price currently at the top of a big bull run and currently is seen forming new order block at the highs.
We may see evidence soon of negative imbalance but in order for that to come into play, price will need to first test the lower highlighted zone below.
Bears are seemingly taking control of the situation so we'll be keeping our eyes peeled on the decline...
T he major market index is the only index in the world to reach a new all time high and now has a double top . THE NYSE HAS HIT THE LONG TERM DOWN TREND LINE NEAR MY TARGET 13010 TO PEAK ON 4/8 AT 12970 . BUT THE XMI SEEMS TO BE TELLING ME THAT THE SECOND HIGH THIS WEEK IS THAT OF A WAVE B TOP WAVE A TIMES 1.618 = WAVE C FORECAST AND IT BOTH TARGETS A...
BASED ON THE BB BANDS AND THE FACT THAT THIS HAS BEEN A SUPER BLUE CHIP RALLY AND IT IT SAYING FOR THOSE BACK IN THE DAY XMI AND OEX WITH THE TRADE I SMELL TROUBLE FOR THE NEXT FEW WEEKS
