Outside of the quick 3-day rally in early September, we've seen nothing but selling pressure since all three indices failed to hold their respective June highs…$NDX $SPX $RUT $QQQ $SPY $IWM pic.twitter.com/Vh2PDqgm1C — Ian McMillan, CMT (@the_chart_life) September 22, 2022 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). September has been living […]
Chart of the Day – Thursday, August 4th, 2022
Crude slips below support at ~$94…$CL_F pic.twitter.com/lDFXEnbieV — Ian McMillan, CMT (@the_chart_life) August 4, 2022 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a chart of Crude Oil futures over the past year and a half. Ian points out that Crude Oil is breaking below support around $94. It had flirted with […]
Chart of the Day – Tuesday, May 31st, 2022
Russell 2000 remains stuck under this 1900 area…$RTY_F $RUT $IWM pic.twitter.com/mdTsvNzek6 — Ian McMillan, CMT (@the_chart_life) May 31, 2022 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). The Russell 2000 has rebounded 9% over the past couple of weeks after successfully testing long-term support. However, it’s still down more than 23%, and as […]
Chart of the Day – Thursday, February 10th, 2022
Hard intraday rejection on the retest of the bottom of the range. 200d MA continues to roll over and AVWAPs from previous highs continue to act as resistance as well…$IWM $RUT $RTY_F pic.twitter.com/r5seb4JtSc — Ian McMillan, CMT (@the_chart_life) February 10, 2022 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a daily […]
Chart of the Day – Wednesday, January 12th, 2022
Back to the DTL…$EEM $SPX pic.twitter.com/XUQ850GMlg — Ian McMillan, CMT (@the_chart_life) January 12, 2022 Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). It’s a relative strength chart of Emerging Markets vs. the S&P 500 over the past year and a half ($EEM/$SPX). Emerging Markets underperformed US stocks by a wide margin in […]