Gold prices ejected downward from their Symmetrical Triangle bigger price pattern this week, resulting in a continuation breakdown move towards expected lower targets. Let’s take a look at the original “Symmetrical Triangle” prior update (ahead of… Read More

Not to be outdone by the recent S&P 500 triangle pattern, Gold is forming a broader Symmetrical Triangle Consolidation Pattern that we’re following closely for any sign of a breakout from the converging trendlines. Read More

  When you’re studying a price chart to assess trading opportunities, what is your eye drawn to first? Is it the indicators?  Is it moving averages?  How about candles? #-ad_banner-#And when you are looking to put on a trade, are you taking a moment to address the context in which… Read More

For those of you who use the NYSE TICK in your intraday trading, it’s very important to understand that the reference  TICK extremes – highs and lows – changes as a factor of… Read More

What do we see when we look “under the hood” at the market by viewing current Market Internals? Let’s take a look with the bigger picture and drill down from there. The 30-min intraday chart belowgives us… Read More

Gold gave us a breakdown sell signal last week in the form of broken daily support in the context of an intraday Rounded Reversal price pattern. Let’s take a look at these new developments and what levels are key to watch in… Read More

  Let’s take a quick snapshot update of today’s breakdown from the Symmetrical Triangle Pattern we’ve all been watching in the S&P 500 (and SPY). Today it hit the initial downside target, but what’s the bigger picture saying? Let’s start with the Hourly… Read More

So far, the Symmetrical Triangle Pattern has held firm, containing this week’s moves into the upper and lower compressing trendlines. Let’s update the original “SPY/S&P 500 Symmetrical Triangle” post from earlier in the week with a mid-week perspective:… Read More

Oil put in a stellar upside performance from October to present, and now faces yet another “Resistance Challenge” (it’s passed the others so far) into the $100 price resistance confluence. Let’s view three timeframes of Crude Oil to see what to look for and what might come of the “Battle… Read More

  It makes sense that the broader market would pause to catch its breath after such a stellar October performance. That’s what’s happening at the moment as the S&P 500 consolidates/pauses in a sideways/symmetrical triangle price pattern. Let’s review the pattern and… Read More