A Bar-by-Bar Assessment of the Current Market In the midst of all the domestic and geopolitical noise, a bar-by-bar assessment of the current market indicates a pullback is likely. I certainly did not want to go home long on Friday night. But it wasn’t all because of the US – Iran conflict or impeachment. It’s also what the charts are telling me. A bar-by-bar assessment … [Read more...]
New All-Time Highs
New All-Time Highs The S&P 500 index, as represented by the S&P e-Mini futures, hit all-time highs this morning. I noted in my last post that should the market push higher and make new all-time highs, 3200 was the logical target. (You can read that post here: last week’s post.) On all major time frames (monthly, weekly & daily), 3200 is near or at the top of … [Read more...]
A Market Assessment for This Week
A Market Assessment for This Week A market assessment of this week would have to conclude that this market just doesn’t want to go down very much, despite the growing signs of weakness in the background. I detailed some of that weakness in last Friday’s post, which you can read here: Signs of Weakness in the Markets. And, in fact, more weakness appeared over the last … [Read more...]
