Oh yeah, I’m talking about a much bigger pullback in Bitcoin than what anyone else is talking about. Feel good about today, and for however long this bounce lasts. For now, this is nothing more than a dead-cat bounce. […]
Some people haven’t quite shared the same sentiment about the current pattern developing on the S&P 500 (SPX) as me. Granted, it is tough to make out on the daily chart, but I’ve gone ahead and drilled down to the 30 minute chart to show you the head and shoulders [...]
I’m not trying to dog-pile on Freeport-McMoran (FCX) here, but there is some major technical problems arising in this stock. Up until yesterday, it was still a play you could take as a bounce off of support. Although, I didn’t play it (simply because bounces off of breakout support usually [...]
McDonalds (MCD) while I’m a Yuuuuge fan of the 24 hour breakfast menu, I utterly detest the chart of MCD as it currently presents itself. You have a massive head and shoulders pattern that you will see in the chart below. The chart is absolutely perfect and it is unfolding [...]
It is painfully obvious that the S&P 500 hates 2100. You don’t believe me, fine, then explain the chart below to me. It is the monthly chart of the S&P 500 and it sports one of the most impressive levels of resistance the index has ever seen. It goes all [...]
This is what I’m watching on the 30 minute chart of SPX. If it holds – that is big. If it doesn’t, I think it starts the next leg down in this market. Right now. I am playing it to hold. […]
One of the members of the SharePlanner Splash Zone brought this chart to my attention recently and it is quite honestly frightening. Since 2001 this has only happened two other times and it coincided with the Tech Bubble bursting in 2000-2001 and with the Subprime Mortgage crisis of 2008. Now [...]
