30 Day, 2 Hour - June 22 - Bear Channel under construction. Market points Down. Iron Condors and Bear Call Spreads are working out well in these conditions.
3 Month, Daily - June 22 - Very definite break in the longer term channel pattern. The secular Bear Market is rearing its head and a downside move is resuming.
It time to come out of hibernation and do my stuff. Grrr!
30 Day, 2 Hour - June 19 - Support was broken and a leg down in forming. This is not a done deal as yet. The Bulls still have a lot of fight and have not gone into retreat as yet.
6 Month, Daily - June 19 - The Long Bull Run may be coming to an end. The Bulls could still save their situation but their hold on upward momentum is fragile at this juncture.
30 Day, 2 Hour - June 18 - Mixed signals at this juncture. Potential disappointed Bulls in Gold Spot. If market falls these people will have to cover by selling. On the other hand there are lots of Bears counting on more correction to the downside. Both cannot be Right.
3 Month, Daily - June 18 - Long Term Bull channel is being challenged with a little weakness and potential loss of support. The Bulls have had a way of roaring back again and again in the face of threats by the Bears.
5 Day, 15 m. - June 17th. - Bear Channel forms with loss of support in Trend Line. Note the Double Bottom with Reversal (DB).
30 Day, 2 Hour - June 17th. - Bear Channel easily seen on this chart with breakout to the down side and loss of support in former Bull Channel.
3 Month, Daily - June 17th. - Nothing goes on forever. "Trade what you see, not what you think."
3 Month, Daily - June 16 - The Longer Term Chart is more meaningful. Long term support within the Channel has failed opening up the trap door of downside movement. A new direction may well be underway.
30 Day, 2 Hour - June 15 - Today's correction was overdue but the market remains in a narrow upward channel that has been in place for 3 months.
3 Month, Daily - June 15 - Todays market closed right at the Support line of the Channel. The price in now above the 200 MA. Bears need to be defensive and alert. Additional bull moves should not be unexpected.
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5D, 15m. - June 12 - Pattern of Daily advance and decline with no particular breakout persists. Patience will be rewarded.
30 Day, 2 Hour - June 12 - Bullish channel persists. Market is at levels of potential Resistance. A breakout above Resistance would be very Bullish and with expiration this week the shorts could really be squeezed.
3 Month, Daily - June 12 - Long Bull Channel is obvious. The Big Question is will it continue unabated or yield to Resistance?
5 Day, 10 m. - June 11 - Reversal of prior performance Closes on a Down Note!
30 Day, 2 Hour - June 11 - Channel Trend remains Bullish although the past week has been Flat!
3 Month, Daily - June 11 - Three month channel trend is UP! This cannot be ignored.
5D, 15m. - June 10 - Another "Carbon Copy" day with Gap and Fade followed by late day rally. Last five days have been sideways on balance. The situation calls for patience.
30 Day, 2 Hour - June 10 - Bullish Channel persists but all of June has been sideways. MACD declining.
3 Month, Daily - June 10 - Bullish Channel Trend continues. The Bulls and Bears are in intense competition trying to prove their point on Up vs. Down. The Momentum remains Up while a lot of technicals suggest it is time for a pull back. So far the Bulls always seem to rally to preserve their case and protect their territory.
2D, 10m. - Jun. 9 - The session today was somewhat similar to yesterday. There was give and take on both sides without a clear cut winner.
3oD, 2 Hour - June 9 - Bullish Trend Channel dominates the reality of the market. Until this Bull cycle is demolished, it will prevail.
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