Since May 15th, the S7P 500 has been locked in a narrow 2 point range. Ranges don't last forever and typically some exogenous event triggers either pent up selling or buying. My work suggests that the recent trading range has been broken and that we're in for a 4-6 week down cycle.
Don't Step in Front of the Market Steamroller [View article]
The secondary (daily) Delineator turned up on November 21st giving a target for SPY of 99.50. Since that date, the primary (30 minute) Delineator identified 5 separate long trade opportunities. Yesterday's signal came 3.5 hours prior to the FOMC announcement.
Is It Time to Buy? What History Shows [View article]
My site shows my Delineator analytic which currently is supporting long signals. The Delineator turned up on November 21st and as a first target has 99.5 on SPY which should be achieved within the next two weeks.
Tuesday's Closing Update: Broadly Lower [View article]
Don't Step in Front of the Market Steamroller [View article]
Is It Time to Buy? What History Shows [View article]