End of week of 6/24/22, and we have ended the week with strong bullish action. This is a great sign for a multi-week run back to the upside. In our opinion, we’re looking for long opportunities cautiously as we are going against the intermediate trend. Let’s look at the weekly chart below What will the …
Category Archives: Charts
S&P 500 Bullish Month Ahead?
According to TradingShot from tradingview, we could be geared for a bullish few weeks and the monthly candle can close green. Price has made a new Lower Low on the blue Channel above. The bottom of the channel is also aligned with the -0.236 Fibonacci extension. The expectation here is a bounce and price will move …
Chart – US Inflation Rate Testing a 100 Year Old Trend-Line. What Happens to the Stock Market Next?
According to TradingShot from Tradingview, the Inflation Rate (orange trend-line) is testing a 100 year old trendline. The last time it was there was the around April 1980! This all started back in July 1920 where the reading was around 24. The next lower high came in around 1947 in May at around 20. Connecting …