S&P 500 Midday Update 2019-11-15

by | Nov 15, 2019 | Day ahead

SPX rose as expected this morning but has pushed past 3114. Is that a big problem? I don't think so but you can also treat the last week or so as a fourth instead of an ending diagonal with this push up as the fifth. You must be logged in as a Daily Analysis or...

The Day Ahead: PM Edition 2019-11-14

by | Nov 15, 2019 | Day ahead

Bonds moved up to test the daily moving averages today before dropping back toward 158^00. Since I think the timing for a bond low is for around the end of the year or early next year, I posit that the form for ‘c of (b)’ is a developing ‘[I]-[II]-(I)-(II)’ type count with this bounce as (II).

S&P 500 Midday Update 2019-11-14

by | Nov 14, 2019 | Day ahead

SPX just tested the 3086 support level, a quick poke under and recovery, and is reclaiming 3091 and the moving averages. If the form on this chart is correct, a nano sized 'c of 5' up, it shouldn't have too much difficulty grinding up over resist to reach a new high....