I did a lot of work on charts tonight, but I’m going to keep the update short, sweet, and simple.
Yesterday’s market traded right into the target zone. I now believe there is a turn coming either today or Monday. I suspect t…
Tag Archive for Resistance Level
Gold and Mining Stocks Trader, Professional Edition
Gold Tenacious At Major Resistance Level
by Lee Adler • • 0 Comments
Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). Follow the money. Find the profits!Liquidity…
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: Proprietary Indicator Suggests Long-Term Caution for Bulls
by Pretzel Logic • • 0 Comments
A contributor on my website called my attention to the fact that some readers “hear what they want to hear” when they read my articles. I do tend to be verbose sometimes when I get going, so maybe some of the key concepts are getti…
Lee's Free Thinking, Professional Edition, Technical Trader
Slow Motion Meltup Goes On and On
by Lee Adler • • 0 Comments
The slow motion meltup goes on. The market averages are on the brink of pushing through a major resistance level. That could lead to much higher prices over the next several weeks as the players look forward to the big ECB financing operation on February 29. Follow the money. Find the profits!Liquidity is money. Regardless…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Do-or-Die Week for the Big Picture Wave Counts
by Pretzel Logic • • 0 Comments
On Friday, the Dow Jones Industrial Average (INDU) came within 6 points of its 2011 high. If this high is broken, this would be an extremely significant event for the counts, since second waves cannot exceed the beginning of first …
Charts and Trading, Day Trading, Latest Business Headlines
Market Indecisive In Early Going, So Where To Now?
by Lee Adler • • 0 Comments
Well this is different. The market opened slightly weak after the S&P futures had a tiny pullback in the pre market. The 2 day cycle oscillators on SPX cash had been on the sell side since mid day yesterday, and are now on the cusp of either continuing down from around the neutral zone, which…
Charts and Trading, Latest Business Headlines, Lee's Free Thinking, Professional Edition, Technical Analysis, Technical Trader
Bullish Signals Continue
by Lee Adler • • 0 Comments
The market cleared another resistance level today. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s…
Lee's Free Thinking, Liquidity Trader Complete, Professional Edition
Hints of Sea Change In Treasury Market
by Lee Adler • • 0 Comments
Treasury yields fell to a key resistance level, and then rebounded sharply to break a 6 month downtrend line this week. It’s too early to call a turn, but the fact that it happened during a week when Treasury supply was non-existent—actually there was a paydown—and when foreign central banks showed up and actually did…
Lee's Free Thinking, Professional Edition, Technical Trader
Market Breaks Out, Heads for Next Benchmark
by Lee Adler • • 0 Comments
Long term indicators strengthened as the market broke through a key resistance level on Tuesday, headed for an even bigger test at 1300. This report examines the likelihood of another breakout. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall…
