After yesterday’s drop to the 50 day simple moving average, the bell rung this morning in a very uncertain environment. All eyes were on the 50 DMA, as we asked ourselves “Is the fifty going to hold and make a …
(Video by Geoff filling in for Mish)
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Interesting how attractive a major moving average can be as far as drawing an instrument to drop or rally to it. Such is the case with the S&P 500. After the Real Estate Exchange Traded Fund illustrated how an instrument …
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The S&P 500 and NASDAQ closed sharply unchanged. Only the small caps firmed (IWM) but never cleared the high from last week. All in all, today was more digestion than a game changer one way or another although the pros …
The 30-Min O.R. and Rolldowns help with a long view
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A look at 4 trade setups based on low risk and great potential
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From the low print last Thursday morning to the close last Friday, market recovered 2.7%. The Dow did not quite make it to new highs for the week. Moreover, the nasty reversal candles from May 22nd loom overhead like a …
About those reversal patterns. One key indication is when a new 60 day plus low is made (even more powerful when the low is on or near a major simple moving average), then it (depending upon which instrument) closes in …