Market Candlesticks Show Who's In Charge
A bullish engulfing pattern is typically considered to be a trend reversal pattern.
Key Levels to Watch During Today's Fed Meeting
The market is looking forward to today's interest-rate decision from the Federal Reserve, which should bring the rate to a range to 3.75%-4%.
Path of Least Resistance Still Lower
It doesn't take a rocket scientist to see that the path of least resistance for this market is still to the downside...
Market Breadth Points to Lower Lows Ahead
One of the main reasons I am expecting lower lows is that the internals of the major indexes are still very weak.
How I Plan to Trade This Bear Market Rally
With a weekly gain of 5.73% at Tuesday's close, the S&P 500 just had its best two-day rally since March of 2020.
Is This the Next Destination for the Market?
If we get a bounce here, I will be looking to sell short into the rally for a final leg lower to the 3,300 area on the S&P.
Looking for a Retest of the Recent Lows?
After Fed Chairman Jerome Powell made aggressive statements regarding a path of more interest rate hikes, the indexes sold off hard.
The Market's Next Big Test is Just Around the Corner
On July 22, I made the call that the market low was in, and I gave you three big reasons to support that claim.
Here's What Traders Often Misunderstand About the Head & Shoulders Pattern
Today, I want to talk about a technical chart pattern that is often misunderstood by traders... The "head and shoulders" pattern.
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