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S&P 500 futures – update

09/12/2019 – market blew thru the pattern level and is very close to setting new highs in the ES. This represents a failed pattern … if you look we have some numbers coming in right below old high but as far as the VERY NICE sell pattern that was present – it’s cooked. back to […]

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Sunday night … rocking and rolling

as expected, we are rocking and rolling on Sunday night (08/25/2019) – no doubt it’s going to be an interesting day tomorrow. as you can see, the futures did gap down, but found support perfectly on the BUY pattern at 2811. this level is key to hold overnight and over the coming couple of days […]

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Canopy Growth

when looking for a pattern (BUY or SELL) we do 3 things .. project, extend, retrace. in the case of CGC we have a ‘zone’ of support in/around 16.50-20 to look for a buy pattern. the projection – in this case the simple one is the blue arrow and we have the classic AB=CD or […]

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Value Line Update

note, nice and PERFECT BUY on the Value Line – hit on Friday. in order to remain bullish, need this level to hold …

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MUB – Muni’s

looks like a nice breakout from a 6 year resistance zone … that being said, a LOT of number coming together around 118-121

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Trendlines

nice little trendline ‘creator’ that Michael Jenkins taught me .. when the markets start rocking and rolling I like to find out what the ‘true’ trend lines are telling us … in this case, certainly can make the case that Mars Helio trend line has been important – just look at the chart below. let’s […]

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TBT

09/12/2019 – as discussed below, took my lumps on trying to go long TBT. so am watching it to try another LONG (yes LONG) TBT. note the volume spike and also the 52 ish percent moves down seem to cause bottoms. also, take a look at the 30 year continuous chart … we very well […]

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Crude – BUY PATTERN in/around 52-53

like the EEM … big support here. if we lose it, look out below … note, the 15 minute and 240 minute patterns … it shows the fractal nature of the market and, in this case, we have a pattern (15 minute (orange w/ dashed black outline) w/in a BIGGER 4 hour pattern (light blue) […]

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EEM – big BUY pattern

note, we finished a very nice BUY pattern on the EEM yesterday. it was nice in both PRICE and TIME. it ‘held’ in/around 38’s but is plowing into a pretty big daily gap. additionally, the THRUST into this level was pretty significant. any further weakness below the 38’s is significant for EEM. also, note .841 […]

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