Got a big, "heavy" bearish engulfing candle today on the $SPX, but not before it was able to print a higher-high. This is all after the market spent very little time "under water" (i.e., it's 200MA). Just need a higher-low, ideally holding support at the 200MA. pic.twitter.com/0p9WdJ5Yyd — Adam D. Koós, CFP®, CMT, CEPA (@AdamKoos) […]
Chart of the Day – Monday, December 6th, 2021
Seeing a short-term, positive divergence on the $SPX 60-min chart. Would like to see a higher low, followed by a decisive break above 4,600 before I'd get too excited. pic.twitter.com/qyMAOjjOUJ — Adam D. Koós, CFP®, CMT, CEPA (@AdamKoos) December 6, 2021 Today’s Chart of the Day was shared by Adam Koos (@AdamKoos). It’s a 60-min […]
Chart of the Day – Thursday, July 22nd, 2021
I'm not seeing cups, saucers, handles, smiley faces OR frowny faces in small caps… …I just see a big, long pressure-pump of a range coiling up all while momentum has remained comfortably in a bullish regime. Call me optimistic, but I think $IWM & $IJR resolve to the upside. pic.twitter.com/YqJErck88S — Adam D. Koós, CFP®, […]
Chart of the Day – Thursday, October 15th, 2020
The 50-day moving average on the S&P500 is converging w/ levels representing the Feb highs, which should offer support if this market is to remain in a bullish configuration. Last ditch = The Sept Lows, which correspond w/ the June Highs. Could be a shake-out level.$SPX $SPY pic.twitter.com/zmA8vovKNS — Adam D. Koós, CFP®, CMT (@AdamKoos) […]
Chart of the Day – Tuesday, September 15th, 2020
In my opinion, this is the most important chart to watch this next several days (and perhaps weeks). Above the Feb 2020 highs and I think the evidence leans bullish. Below it = extreme caution in the short-term.$SPX pic.twitter.com/dbKlykbm0X — Adam D. Koós, CFP®, CMT (@AdamKoos) September 15, 2020 Today’s Chart of the Day was […]