While Tuesday couldn’t follow through from Monday’s large range Lizard reversal, if you drill down to the SPX hourlies, you see a possible inverse of bottoming Head & Shoulders pattern. A Lizard is a Bottoming Tail from a new 10 day low where an item opens and closes near session highs after a tailing back […]
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The Square of 9 Wheel told me to key in on the 2634 level on Thursday. The SPX skidded just below 2634 early in the session but as we tweeted, if it reversed back up through the morning low it would trigger a little Jack-Knife long. It did. And, it wasn’t so little. Down as […]
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In this video, I walk through why we stated in Tuesday morning’s DMR why a move below 2760 SPX could see the market panic again. Indeed the SPX, once the gap from Monday at 2760 was offset, a Rabbit Hole decline played out with the SPX sliding another 60 points to 2700. My number one […]
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“Big circles and little circles, old circles and young circles, past circles and future circles, will all come together and square-out in time.” -W.D. Gann Equity markets dropped sharply in October in keeping with a consistent 2-year cycle that projected at least a 10-15% decline, fulfilling our expectations for a Red October. The structure indicates […]
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As we offered earlier this month, sooner or later the Fed would blink and gold would wink. Sooner or later the Fed was going to come to the rescue of the bulls. After all it is the banks that are their constituency. The Fed saying it was concerned about the economy slowing was good enough […]
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Editor’s Note: Our Cyber Monday sale has been extended by 1 day. Click here to save 90% on the Daily Market Report, which includes Jeff’s morning newsletter, a nightly report with 3-6 new ideas, and an exclusive Private Twitter feed for real-time updates. This deal ends at midnight – don’t miss out! Click here for more […]
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Editor’s Note: Our Cyber Monday sale ends tonight. Click here to save 90% on the Daily Market Report, which includes Jeff’s morning newsletter, a nightly report with 3-6 new ideas, and an exclusive Private Twitter feed for real-time updates. This deal ends at midnight – don’t miss out! As mentioned, the Gann Panic Cycle was […]
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The SPX pushed to 2755 on the runoff on Tuesday. which is just below the 2759 level 270 degrees up from the 2603 low for the move. The market has been very straight forward of late in its technical action. For example the 2603 low was 360 degrees down from the mid-October 2811 dual closing […]
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A buy set up for a possible year end rally looks like it’s on the table but first a false spike in either direction looks like it’s shaping up. Here are the levels to watch and the pattern to look for. A Blade Runner set up on trade above an hourly right shoulder of an […]
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Every bull market has an icon that spearheads speculative fascination, and captures the imagination of players who get ultimately get swept up in a euphoria where the stock price and the company and their products become indistinguishable. Part of Steve Jobs’ brilliance was that he recognized that cool sells. Sexy products sell at a premium. […]
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