Stocks are looking technically very weak after rejecting the neckline of the head and shoulders pattern. Notice that the Kovach OBV is still strong. The S&P 500 is also at a level of support at 3156, so it should catch some support here.
We just likely saw the completion of a full 5-3 Elliott Wave, and this could be the start of a new one. The level 3190, will be critical to test and break to confirm the continuation.
Stocks have retraced, but could catch a bid at current levels
Oil finally gave us a healthy Elliott Wave corrective retracement. It could go as far as $36.30 before more...
Bonds have been ranging in a sideways Elliott Wave for some time now. However they appear to be nearing...
Bonds priced in yesterday’s risk-off sentiment. On 30 min charts we have a perfect Sickle Pattern. If you traded...
Stocks broke down from the bear flag pattern as we had spelled out yesterday, only to get bought back...
Technical Analysis for the S&P 500 Stocks are climbing steadily but do not appear to have the momentum they...
S&P Futures Stocks pushed lower overnight, getting a lift from 2940. We have breached the psychologically and technically important...
Gold has been trading sideways, in a symmetrical triangle Elliott Wave corrective impulse. This is an advanced wave, but...
We have been bullish of gold for a while now and how this paid off! We called the price...
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