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Here's a brief update to the .25% PnF charts
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For AGG, today we triggered a minor Double Top Breakout with a bullish price objective
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Note: The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future.
The S&P 500 Triggers a High Pole Warning, but maintains its bullish 2327.96 price objective
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I could post more, but I'd rather keep it short and let the details emerge. I have a friend over at CNBC, Mr. Art Cashin, who gives me a personal market briefing every day, he's one of the few "old school" still guys around that isn't trying to sell you his sticky pants. The previous day he spoke about the performance of small caps, and I think it's important enough to post his vid. He's Simple, short and effective…
Europe/Russia/Small Caps/Earnings (all within under 3 minutes)
Trade hard...Jason
Here's a brief update to the .25% PnF charts
- AGG Triggers a bullish reversal with a minor Double Top Breakout
- SPX gives a High Pole Warning and maintains its bullish price objective
- NASDAQ 100 gives a High Pole Warning and maintains its bullish price objective
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For AGG, today we triggered a minor Double Top Breakout with a bullish price objective
- We show a minor uptrend with 1 higher X&O
- Historically speaking, the worst day of the month to be in the F-Fund is the first day
- This year the F-Fund has traded opposite to the C-fund 15 of 17 times (we love it and can use it)
- If you look at the last 7 columns you can imagine either a loose flag, or disorganized triangle breakout
- The candlesticks chart shows a slight breakout, but the PnF maintains its "trading box" where prices are confined/compressed
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Note: The high pole warning is given when a chart rises above a previous high by at least 3 boxes but then reverses to give back at least 50 percent of the rise. The reversal implies that the demand that was making the prices rise has given way to supply pressure. The pattern is a warning that lower prices could be seen in the future.
The S&P 500 Triggers a High Pole Warning, but maintains its bullish 2327.96 price objective
- We show a minor uptrend with 1 higher X&O, with support stronger than resistance
- We've had a disorganized Diamond pattern which was interrupted by a triple low O at 1992.9
- Key level, we need to re-capture 2030, which is the 50% level from the Diamond patterns price range
- Key level, above 1988 keeps demand in control, supply takes over at 1988, bust 1988, we bust the markets
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I could post more, but I'd rather keep it short and let the details emerge. I have a friend over at CNBC, Mr. Art Cashin, who gives me a personal market briefing every day, he's one of the few "old school" still guys around that isn't trying to sell you his sticky pants. The previous day he spoke about the performance of small caps, and I think it's important enough to post his vid. He's Simple, short and effective…
Europe/Russia/Small Caps/Earnings (all within under 3 minutes)
Trade hard...Jason
