WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Beach

Beach

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Thurs. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. July 6 @ 8:30 am ET ~ Employment Data
* Thurs. July 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. July 18 @ 2:00 pm ET ~ Beige Book Report
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains
with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Wednesday, September 21, 2011

TF swirling around confluence...

Below are two 4-hour charts of the TF. The first shows a larger picture with a Fibonacci retracement and 2 regression channels overlayed on it.


The second is a closer look at this chart...at the moment price is just beneath a merging confluence of :
  • uptrend line (which began at the August low and which has been broken for the third time with today's action)
  • the "mean" of the longer-term downtrending regression channel, as well as the "mean" of the shorter-term uptrending channel
  • 50 sma (red) & 200 sma (pink)
  • Monthly VWAP (broken blue line)
  • Monthly Volume Profile POC (horizontal dotted pink line at the right edge of the chart)
As well, price has been unable, so far, to remain above the lower one-third of the Fib retracement level and has retraced to just above the 38.2% level on one occasion.

Price action so far today has been indecisive as evidenced by the last two high wave spinning tops...hardly surprising pending the outcome of the Fed meeting today.


The last chart is a 60 minute (market hours only) comparison chart of the Russell 2000 with the Nasdaq 100, the Dow 30 and the S&P 500. With such a large spread between the Russell and the Nasdaq (with the Dow & S&P caught in the middle), it will be interesting to see which of these two accelerates or decelerates the most to potentially catch up with movement either up or down in due course.