SP500 Continues to Surf the Flag Trendlines
As we update the current picture of the S&P 500, we find that not much has changed from last week’s mid-week update, at least in terms of the “Bear Flag” Trendline Boundaries. Let’s take a quick...
View ArticleThe Crude Oil Compression Continues into June
If you prefer range trading strategies, the recent activity in Crude Oil has been a bonanza for you. Let’s update our levels and trendline boundaries for Crude Oil and note potential impulse targets...
View ArticleJune 12 Sell Swing Continues Midday Stock Scan and Update
Although it should be happening, it’s still surprising to see the market actually decline after the non-stop rally of the last week. We’re seeing a little ‘normalcy’ return to the market with...
View ArticleYes Indeed the Trading Range Continues: What You Need to Know
Given that the S&P 500 remains in a broader trading range pattern, today’s sharp downside action is precisely what was expecting from a charting standpoint under the “Range Continuation” scenario....
View ArticleS&P Futures Triangle Continues
The S&Ps continue to consolidate and wrap up a triangle. Although not ideal, and enough to make an EWP purist pull their hair out, the above triangle patterns are valid. Don’t get too caught up...
View ArticleNov 3 Short Squeeze Continues and Trending Stock Scan
The buyers collectively were successful in extending the short-squeeze manipulation of the stock market higher, resulting in the logical bullish price action (via stop-losses of the bears) as the...
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