#bpspx

Some Fear Showing But Not Yet Extreme

“Wisely and slow; they stumble that run fast.”

CNN Fear & Greed Index now 42 not far from where it was a week ago at 53. Markets were more fearful this time last year and then went on to rebound in July back up to test the ATH resistance. There is a long process ahead for Britain to leave the EU. Lets just take this as it comes.

$NYMO is in neutral/bearish. $BPSPX has slipped into bearish.…

Repetition of a previous pattern?

A Few Charts Of Interest Study

I am not seeing any clear direction in the indicator charts that I follow. We need to see some clarity before forming too many assumptions. There are so many different factors that could come into play over coming weeks that we just have to take it as it comes. I know what the key level are and I watch those without trying to be biased in one direction or another. These are some of the charts I…

Line Ball To End The Week

Just a quick post to cap off the week. I was really hoping we would end the week with some clarity but it will now be next week before we are likely to get any answers. I just do these charts for my own interest.

$NYMO daily rebounded back into neutral bearish. It either breaks the downtrend or rejects back down below -60. Could go either way. Have to see confirmation.

$BPSPX daily is on the…

Markets Move Closer To Confirmed Reversal

We had another week of grind as the markets turn off the top. The markets are in a distribution so nothing will happen very fast in this condition on the reversals. This type of market condition requires a great deal of patience.

The U.S. market daily charts are all now under the 50 day MAas of the close for the week. This is quite an interesting development. To have a closer look I have shown…

MEGA IMPORTANT CHART POST!!!

These are a few of the charts that I am looking at in the week ahead. I want to show that there is more to analysis than you might think. The more information we have at hand, there higher our probability is going to be of having a successful trade. If you just have a punt on a trade you will lose your money. Maybe not straight away but eventually you will. We must use proper analysis and risk…