Weekly: the chart to the right shows what we had given last update, the red numbers 1-3 have been added and highlight the targets the market moved through. You can see these in the current weekly chart below, with the market sitting at target 3. Since last update the market lifted in to HPTZ1; pulled […]
Weekly: The last time we updated the TNX we were watching for a potential move lower to fill a gap (yellow highlight). This occurred, and the market now sits at several significant technicals. The pattern for the lift since June 2016 could be seen as a potential expanding wedge, with the market currently sitting at […]
Long Term Weekly View This is a perspective we have been following for a few years now. Both blue ellipses are identical, the second a copy & paste of the 1st, moved over and down slightly. Although the lift from 2009 is no longer riding the ellipse edge, this edge is still a significant technical […]
Gold long term monthly view: The market sits at an interesting confluence of technicals, all significant, and how they break or hold could show us the next move. At the current market location we can see gold just coming up to a purple long term monthly target. Around this area we can see: (1) purple […]
Last update we were looking for a lift to 2300 for the SPX, where we were watching for potential resistance. This was based on Fibonacci extensions, and we can see the market has followed them well. Resistance did occur and the market held at the 2300 level for 2 weeks before finally breaking through. The […]
WEEKLY View: A long term descending wedge pattern can be seen coming from the left of the chart; this has recently been violently broken through: the lift can be seen to reach significant pattern resistance. The last few weeks have seen the market fall off slightly from the recently made high, dropping back in to […]
SPX FIB PRICE & TIME ANALYSIS Our fist chart for SPX is taking a look at some Fibonacci price & time objectives. We’ve seen this chart before: take a look at the previous post where I explain the current Fib level we have reached and how it was derived. If the market continues to lift […]
Last update I had said “Strong and quick lift that has occurred since the end of June will need to have a correction soon to make up time.” The market was just coming up to the red-dashed s/r at that time and we can see that it has consolidated at this since. Black trend lines […]
