Yesterday’s market blew through the downside projections, much like the rally did on the upside earlier this year. It comes to mind that the prior rally became historically over-extended, so there are a lot of folks ready to jam the exit doo…
Tag Archive for Nya
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, BKX, INDU and Silver Update: Nobody Said It Would Be Easy…
by Pretzel Logic • • 0 Comments
Yesterday’s market maintained trade within the acceptable retrace range for a 2nd wave correction, however the decline was a bit stronger than I anticipated. What happens over the next couple sessions will hopefully go a long way toward…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, INDU Updates: No Material Change — but Some New Discussion for Bears
by Pretzel Logic • • 0 Comments
Yesterday performed as expected in regards to a consolidation/correction. This correction may be over, or it may have a bit more downside left.
Some readers asked about the possibility of a top being in place, so I’ll address that…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, and CVX Updates: We’re Experiencing a Temporary Shortage of Creative Article Titles… Please Stand By
by Pretzel Logic • • 0 Comments
The market did very little on Wednesday, which is actually a somewhat encouraging sign for bears. To some degree, one can gauge who’s in control by simply looking at which price direction the market is stug…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, NYA, BKX: Giving the Bears Some Airtime
by Pretzel Logic • • 0 Comments
I hate “lazy” charting, and I think it’s important to constantly challenge one’s assumptions. During yesterday’s session, I began considering the possibility that my initial labeling of the smallish correction back on March 12 as a 4th wave&…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and NYA Updates: No Holy Grail Just Yet
by Pretzel Logic • • 0 Comments
Yesterday went as well as a day can for numerous targets… and while it’s still a bit tricky for the bigger picture, the very short-term charts seem fairly straighforward. I’m going to lead with the short term chart, which ex…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and NYA Update: New Discovery Changes Everything
by Pretzel Logic • • 0 Comments
Okay, I really have to rush now. I literally had the entire update done, and at the last minute had a “eureka!” moment. Despite the association with the popular vacuum cleaner, Eureka moments don’t suck (rimshot). But now I’…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Apple’s Intraday Reversal May Be a Signal for the Broad Market
by Pretzel Logic • • 0 Comments
The charts are a mess tonight. While the big picture view has shifted somewhat over the past month, my daily short-term preferred counts have been on an exceptional win streak since the end of January — catching the lion…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and RUT Updates: Red Alert Indicators in Conflict with Short-Term Wave Counts
by Pretzel Logic • • 0 Comments
I’ve been pulling my hair out all night trying to nail down the exact short term count, and have compared the NYA, INDU, SPX, RUT, TRAN, BKX, WLSH and several others — partially because, due to the indicators, I’m having troub…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Bears’ Turn Now?
by Pretzel Logic • • 0 Comments
On Monday, the S&P 500 (SPX) made it into the 1320-1325 target zone I suggested on Friday and reversed; so hopefully the short term wave structures are finally starting to clear up again. There’s been n…
