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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.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* 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...please read my full Disclaimer at this link.

Dots

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

ECONOMIC EVENTS

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report

* Tues. Oct. 26 @ 10:00 am ET - CB Consumer Confidence

* Fri. Oct. 29 @ 8:30 am ET - Core PCE Price Index m/m Data

* Wed. Nov. 3 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

* Fri. Nov. 5 @ 8:30 am ET - Employment Data

*  Tues. Nov. 9 @ 8:30 am ET - PPI m/m & Core PPI m/m Data

* Wed. Nov. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data

*  Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Consumer Sentiment

*  Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Inflation Expectations

* Tues. Nov. 16 @ 8:30 am ET - Retail Sales & Core Retail Sales Data

* Wed. Nov. 24 @ 2:00 pm ET - FOMC Meeting Minutes

*** CLICK HERE for link to Economic Calendars for all upcoming events.


Wednesday, September 29, 2021

SPX At A Major Inflection Point

* See UPDATE below...

After briefly breaking above the confluence of a +10 standard deviation of a long-term uptrending regression channel with the outer band of a Fibonacci spiral (1.618 coefficient) on a monthly timeframe, the S&P 500 Index (SPX) has begun to retrace much of its breakout, as shown on the following monthly chart.

We may see a retest of 4250 or 4200 before the monthly uptrend either resumes, or if price drops and holds below 4200, we could see a significant 20-40% correction occur from its top at 4545.85.

See my last post on the SPX for more details on what I'm monitoring on this index.


By the way, you can find examples of Fibonacci spirals in the most amazing places 😏...



* UPDATE October 8...

The long-term arc on the SPX monthly chart below has narrowed and has gone parabolic...a condition I first noted in my post of August 27.

Investors could be in for a very volatile ride this fall...keep an eye on whether there will be catastrophic global contagion from China's troubled $62 Trillion real estate sector, as described in my post of September 15.

If so, the 20-40% correction mentioned above could be swift.