I don't usually post a 15-minute chart, but this one's kinda interesting: pic.twitter.com/JGtpEswvoP — Walter Deemer (@WalterDeemer) November 16, 2022 Today’s Chart of the Day was shared by Walter Deemer (@WalterDeermer). It’s a 15-minute candlestick chart of the S&P 500 over the past eight days. It was a fairly quiet day for stocks, however, Walter […]
Chart of the Day – Tuesday, February 22nd, 2022
Yes, pundit, we all see it. #SPX #headandshoulders pic.twitter.com/Z7RW7HJzmC — Michael Kahn, CMT (@mnkahn) February 22, 2022 Today’s Chart of the Day was shared by Michael Kahn (@mnkahn). The S&P 500 has formed a textbook head & shoulders top over the past six months. According to the textbook, this bearish pattern would signal ~10% further downside […]
Gold Forming This Ominous Chart Pattern
Gold has had an impressive run this year. It’s up 25.35% over the trailing twelve months, while the S&P 500 is only up 2.59% over the same period. However, several traders and analysts have pointed out that Gold is forming a head and shoulders top on the daily chart. Gold futures are currently down over […]
4 Charts on Why Carter Worth is Bullish Gold
Carter Worth, Chief Market Technician at CNBC, was on Fast Monday Friday afternoon discussing Gold. Carter previously mentioned a bullish trade in Gold back in December, which proved right. Yesterday he was back to give the crew an update on his thoughts. Carter notes Commodities, especially in recent years, have traded much worse than imagination […]