Tag Archives: Midcap 400
Pattern Alerts…Russell…OIL…USO…Midcap 400…BP
ALL of the above are working on ORH days..Closes over the following levels are needed… These are generally price positive patterns, however it can take a day or more for confirmation of the pattern. Russell 2000 (TFH) 82330 Midcap 400 … Continue reading
CAT
116.55 is May 2011 high in Cat. It lost almost 50% of it’s value from that High. This is a big upside closing pivot level. Sustained price action above this level leaves little room for the Plungers ( Short Index … Continue reading
Pattern #’s for the Equity Index Futures
1228 S&P 500 2332 Nasd 100 883590 Midcap 400 73510 Russell Closes are needed over these levels for Outside reversal patterns. This simply shows we can have a decent break with the underlying chart pattern remaining intact. The Yen crosses … Continue reading
Bulls and Bears…Food for Thought
The Bear argument… Have you just seen the highs for the rest of the week in the SPU? confirmed by the rejection off the lows in the 30 Yr. along with the match off the 1/2 retrace in the Euro … Continue reading
A.M. Look 8/2/11
It’s a risk off world. The major indices are in a tug of war with the DJI & Nasd seeing a relative safety bid ( they’re maintaining above their respective 200 day mvg avg’s) and the SPU,Russell and Midcap all failing. The big … Continue reading
A.M. Look 6/24/11
Chart patterns…will the metals hold? Both of these metals have “Potential” outside reversal weekly patterns to the downside. For now they are holding… We will need a close today above 1511 in the Gold, and 34.40 Silver, to maintain the … Continue reading
A.M. Look 6/20/11
A close today under the following levels in the Futures can lead to another swing down in prices: 1259 S&P, 2185 NASD,777.20 (also the 200 day) Russell,922.80 Midcap 400 ( with 200 day app 913). The bigger levels coming down … Continue reading
Recap
When markets are trying to top or bottom price action is generally violent. Couple that with the qtrly chart patterns in play, and it’s a game only for the professionally nimble day trading flippers. We were looking for this kind of … Continue reading
Resend…Qtrly levels
There are big natural resting stops below these #’s in the Indices…Keep them in front of you. There is a huge end game setting up for the end of the qtr. ( this months close). A close under 1249 in … Continue reading