Hello All, Today’s action is a great reminder why we wait to surpass trigger levels and don’t allow our “gut” to get us into trouble! We expected an attempt to save the week in front of Thanksgiving but the bearish news of the day had other ideas.  The picture says it all: More when warranted!…

Hello All, Here’s an early week update because it’s warranted.  We think that a rally attempt could be afoot with just a little more bullish push… And here’s why… The Gang didn’t let the market drop all the way down for a full retest (yet?), but they did fill the GAP we had our eye…

Hello All, Last week when we first saw the bearish reversal about to occur we put out 3 support levels that could be respected but noted that if they gave way, $270.00 would be in the crosshairs.  We finally hit and surpassed $270.00 in the SPYs yesterday. The low yesterday was barely above a FIB…

Hello All, Again, more is warranted! We’re switching from the 2 hour chart back to the daily because a GAP closure is now a strong possibility due to the force of selling. For those that haven’t had time to keep up, below you’ll find the timeline as to how we got here from being prepped to…

Hello All, More is warranted! Yesterday afternoon we put out a rare update that focused on intraday action.  We did this because we felt that the technical complexion etc. warranted it.  Here’s a reprint: “We don’t often read too much into sub-daily 2 hour charts but a possible double top pattern with a break of support has…

Good Day All, The FED has spoken and it was an outcome that was pretty-much expected. We don’t often read too much into sub-daily 2 hour charts but a possible double top pattern with a break of support has shown up RIGHT AT our 61.8% Fibonacci retracement level near $281.00 in the SPYs.  Coincidence?  Maybe, but worth…

Good Day All, We all know what happened yesterday!  Quite a day! We’ve had a difficult time of it trying to find bearish names and we certainly now know why, and it’s a good thing as they really jammed stocks up in a big way! SO – Triggered and finished nicely but may have been up…