Yes, by some accounts, people will say this is a major inverse head and shoulders pattern. I disagree, what I believe this equates to is the ultra bullish female liberation breakout pattern that resembles, of course, the female anatomy. When I saw the chart, I couldn’t help but notice the obvious, and it helps to
Yes the previous reversal on the SharePlanner Reversal Indicator, which was a bearish one, did come to fruition, but it was one of the weakest three week pullbacks I have ever seen. The market barely gave up any ground, and over the course of the past three days, the bulls have managed to recover basically
The profits continue to increase in May – Don’t let the month waste away without at least signing up for a Free 7-Day Trial to the SharePlanner Splash Zone! With your membership, you will get each and every trade that I make with real-time text and email alerts (international too) as well as access to my
Technical Outlook: Extremely dull price action that only saw a trading range between 2048 and 2055 and when it finally started to move at the close yesterday, did nothing but close at the lower end of the range at 2048. Price action in the pre-market looks to take price to the upper end of the
The profits continue to increase in May – Don’t let the month waste away without at least signing up for a Free 7-Day Trial to the SharePlanner Splash Zone! With your membership, you will get each and every trade that I make with real-time text and email alerts (international too) as well as access to my
If you’ve been following this market over the last two trading sessions there are probably a millions things that you can think of that would be more productive than watching the current state of price action. Watching grass grow Watching paint dry Watching Jim Cramer – No wait, no….I don’t wish Jim Cramer on anybody.Â
It is a common theme for the market: S&P 500 gets to a key breaking point, everything is lined up for a big sell-off, but bulls and dip buyers come to the rescue and thwart the big breakdown. I mentioned in the last update, that I wouldn't be surprised to see us sell-off early on
The profits continue to increase in May – Don’t let the month waste away without at least signing up for a Free 7-Day Trial to the SharePlanner Splash Zone! With your membership, you will get each and every trade that I make with real-time text and email alerts (international too) as well as access to my
S&P 500 as of yesterday, formed a very  nicely constructed and perfectly parallel price channel with the slightest of declines. In light of this new development on SPX, it is no wonder that the market is bouncing hard today.Â
Technical Outlook: Heavy sell-off yesterday that saw yet another massive afternoon bounce recovering two-thirds of the losses before the close. This was a major failure for the bears. Yet it is what’s been seen by this market time and time again over the last seven years. SPX failed to break 2039 and hold it into