Have shared twice this week that the “Power of the Pattern” was suggesting a U.S. Dollar rally was close at hand…. “Dollar Support” (see post here) and “Dollar breakout” (see post here) Below is an update, reflecting how key Fibonacci levels are a key to the Dollars movements! CLICK ON CHART TO ENLARGE The above chart reflects [...]
CLICK ON CHART TO ENLARGE Long-Term yields remain inside of a very uniform falling channel, continuing a series of “lower highs.” The 10-year continues to create a series of “lower highs” as well, bringing yields down to a level/support line (1) that has been pretty key per the direction of stocks the past couple of [...]
CLICK ON CHART TO ENLARGE On a very short-term basis, the 500 index broke below two support lines yesterday at (1). This break doesn’t determine a ton, nor create a trend, yet it should be respected! On a bigger picture, the 500 index remains jammed between longer term support and resistance lines at (2). The [...]
CLICK ON CHART TO ENLARGE Markets around the world (S&P 500, Russell 2000, EAFE, Emerging, Shanghai and more) have all formed “Look Alike” Patterns, each testing key support at (1)! With correlation so high around the world, if one breaks a “Domino effect” could take place. If support would break for each of these, the markets could become a “Slippery Slide” in [...]
Due to the “Power of the Pattern” the suggestion was made to buy stocks the last day of August (see post here). Did I know one of the best September’s in decades would take place? I wish… but the answer is a clear NO! I deeply liked what I saw in the patterns, but the best [...]
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