Beware the Sleeping Tiger!

Several Days of Sleep Can Built Up an Appetite. Watch for a Breakout!

20 Day, 2 Hour - Nov. 18 - Stair Steps to a Higher Market.
20 Days, 2 Hour - Nov. 18 - What can we make of this? The Price Action is above the 200 Day Moving Average (Bullish). A Bull Flag has formed out of several days of consolidation. The Intermediate Trend is Bullish. The MACD is subdued which begs for action. The lack of a sell off is in fact Bullish. Overall I would expect the market to go up from here. Of course, this could be absolutely wrong. The market is the market and there is always the possibility of news that affects the market. Our analysis is based on technical analysis and we try to leave out as best we can any bias as to the national economy, politics, and what "we think the market should do."

200 Day Moving Average Crossroads

What Direction Will the Market Take - That is the Daily Question!

2 Year, Weekly - Nov. 17 - Start with the longer term chart. Price action is bumping its head on the 200 Day Moving Average. This is considered a beachmark for a Bull Market vs. a Bear Market. Does the market break through and remain above the 200 Day MA or Retreat?
3 Month, Daily - Nov. 17 - Note the Rolling Waves in the 3 Month chart. Price Action is at the top of the channel and begs to fulfill a pattern by turning downward.
20 Day, 2 Hour - Nov. 17 - Bullish Channel dominates the Trend in the 20 Day chart. Price action is above the 200 Day MA.
2 Day, 10 min. - Nov. 17 - All politics is local and all market action is daily. Trade decisions are made by observing the longer and intermediate trends (bullish), AD lines (bullish), UVol (bullish), Double Bottoms (reversals), RSI & CCI snap back ups (reversals), and MACD (confirmations). Above action was a slow grind up. Reversals are highlighted with Rectangles.