The S&P’s are in a big coil. We may get a good clue of which way the breakout will go if we penetrate either

the 30SMA high or lows on the daily’s. If we close above or below these levels that can be the clue to the

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Gold had a daily reversal that was confirmed by volume as it broke through the trend line resistance.

The swing low made in March at 863 to June’s high of 992 shows the .618 retracement to come in right

near the lo ... Read More »

The FOMC results get released today at 1:15 CST.  Meanwhile a morning rally in the SP’s followed after the

Positive Durable Goods number was released. We are still in a daily downtrend. Overhead resistance is in a ... Read More »

S&P’s broke below the 30SMA on Monday to start a down move. The first stop was the bottom of the

down channel. FOMC starts today and ends tomorrow. We are in the middle of the r ... Read More »

The EC is beginning to break support. There is a typical Head and shoulders on  Daily’s. So far we went pierced

the neckline and have sell divergences. If we break below 13790 where the 30 Low SMA is that can cause a ... Read More »