Author Archives: Art

Monday, August 14, 2017

QUICK UPDATE: The weekly S&P 500 (SPX) chart produced a bearish price flip and now the key chart will be the SPX daily chart. The daily SPX is on a TD Buy Setup @2. If the SPX can puncture the … Continue reading

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Monday, August 7, 2017

The US Dollar Index (DXY) had all the ingredients to trend higher, but something happened in late 2016. Even though the monthly DXY was well into the TD Sell Countdown phase, it was halted with a bearish engulfing candlestick on … Continue reading

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Monday, July 31, 2017

Some cracks in equities last week, but there will be no technical damage as long as the S&P 500 (SPX) meanders above the 2420 – 2425 level. One of the cracks was demonstrated by the daily Nasdaq Powershares QQQ (QQQ). … Continue reading

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Thursday, July 27, 2017

QUICK UPDATE: The S&P 500 (SPX) has now recorded both TD Sell Setup @ 9, and TD Sell Countdown @ 13 on the daily chart. With new highs everywhere on various indices, and the weekly chart price flipped bullish, any … Continue reading

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Monday, July 24, 2017

Markets remain ultra resilient. However, it’s still not a certainty another bull leg higher is taking place. The daily Powershares QQQ (QQQ) has recorded a TD Sell Setup @ 9, and trading this week will determine if it can lateral … Continue reading

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Monday, July 10, 2017

The Powershares QQQ (QQQ) was on a TD Buy Setup @ 7 before Friday’s jobs numbers, but the rally was good enough to end Friday’s session with a bullish price flip. The inability for the Q’s to record a TD … Continue reading

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Monday, July 3, 2017

The Nasdaq Composite (COMP), which is trading at TD Buy Setup @4, is still holding above the 6121.29 TDST Support level. If this continues, it would be easy to say a price rally will soon follow. However, the related index, … Continue reading

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