New All-Time Highs The S&P 500 index, as represented by the S&P e-Mini futures, hit all-time highs this morning.  I noted in my last post that should the market push higher and make new all-time highs, 3200 was the logical target.  (You can read that post here: last week’s post.)  On all major time frames (monthly, weekly & daily), 3200 is near or at the top of … [Read more...]

A Bar-by-Bar Assessment of the Current Market In the midst of all the domestic and geopolitical noise, a bar-by-bar assessment of the current market indicates a pullback is likely.  I certainly did not want to go home long on Friday night.  But it wasn’t all because of the US – Iran conflict or impeachment.  It’s also what the charts are telling me. A bar-by-bar … [Read more...]

Has a Bear Market Started? There has been talk in the trading community lately about the coronavirus triggering a bear market.  Has a bear market started?  Probably. Richard Wyckoff wrote extensively about reading the market’s technical signs and signals to gain an advantage in investing and trading.  One of those signs is starting to unfold. This is a quarterly … [Read more...]