A wild and crazy week ended with the SPX and Dow breaking out of triangle patterns, but the QQQ stopped at the upper trendline of a similar pattern. Triangle breakouts often lead to explosive moves, but will this one. This report describes the parameters to watch for.
Tag Archive for Trendline
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, NASCRACK, RUT, and USD Updates: This Rally Was No Surprise…
by Pretzel Logic • • 2 Comments
A quick reminder: if you haven’t met the requirements for registration at the new forum, your account will, unfortunately (or maybe fortunately, lol) not be approved. Please read this thread carefully when registering. …
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, INDU, and Employment Updates: Looks Like the Shoe is on the Other Hand Now!
by Pretzel Logic • • 0 Comments
No one can deny that many indicators look bullish right now. The bears are rapidly running out of real estate, and the Dow in particular is within a stone’s throw of making new highs.
However, the burden of proof is now on the bulls. …
Gold and Mining Stocks Trader, Professional Edition
Gold Exhibits Nice Pattern Lifting Off From Major Trendline
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). See the current full sized chart…
Gold and Mining Stocks Trader, Professional Edition
Gold Shows Signs of Life As It Tests Major Trendline
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). See the current full sized chart…
Gold and Mining Stocks Trader, Professional Edition
Bugs In Suspense As Gold Sits On 4 Year Trendline
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). See the current full sized chart…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, INDU, NDX Updates: Trying to Make Sense of the Mess
by Pretzel Logic • • 0 Comments
The charts are an absolute disaster right now. I’ve looked at roughly 20 million charts this weekend, but there are so many possibilities, it simply becomes confusing to try and cover them all. This update was a whole lotta work for very li…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, and INDU Update: Trying to Reconcile the Contradictions…
by Pretzel Logic • • 0 Comments
Yesterday’s alternate count came to pass, and hopefully readers heeded my warning regarding the red trendline and protected profits. There are certain things I take for granted as “common knowledge” and I sometimes fail to expand upon certain sta…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, Dow Cycles, US Dollar, Silver, DAX, NDX, BKX, RUT: Got Charts?
by Pretzel Logic • • 1 Comment
Not much to add to Friday’s update — ideally I’m still looking for some type of larger correction in the foreseeable future. I spent an awful lot of time charting this weekend, so I’m going to spend more time sharing those charts and l…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Was That It?
by Pretzel Logic • • 0 Comments
For several weeks, I’ve been talking about the Fib zone at 1376-1378 and how I felt that could act as a magnet for the rally. Yesterday, the SPX hit 1378.04 and reversed. Could it really have been that simple all along? …
