With the FOMC behind us, the market can breathe a sigh of relief that there wasn’t a surprise interest rate hike. But really the overall market reaction to the news was more “meh” than anything else. With that said the Weekly SharePlanner Reversal Indicator is now hovering at extremes. If [...]
Technical Outlook: Another last minute save by SPX to rally price from negative territory to positive in the final 30 minutes. This is becoming the norm of late to spend the day in a weakened state only to rally in the final minutes. Massive head and shoulders pattern forming on [...]
Intraday the Q’s took a bit of a hit today. On the daily it is finding support at the 50-day moving average. But when you zoom in on the 30 minute chart, there is some weakening taking hold and with the break below $104, there is a good chance that [...]
