Trend line bounce today. The Emini closed up at 1,343.25 on Tuesday. The market gapped down at the open, continued lower and then bounced off a rising trend line. Keep reading this article to see how I plot trend lines and use them to gauge the mood of the market.
John Ehlers sine wave crossover today. The Emini fell hard and closed at 1,340.50 on Monday. After a small rally during the morning, the market dropped and closed with a multiple timeframe crossover in the sine wave. Keep reading this post about John Ehlers and how to use multiple timeframes in your analysis.
Trading volume and range shrank to a new low today. The Emini closed down at 1,345.50 on Friday. This is the fourth sign of weakness that we’ve seen in the last four days. Keep reading below, and I’ll explain how I use volume and range to find market turning points.
Candlestick charting shows a Doji pattern today. The Emini was virtually unchanged at 1,347.25 on Thursday and indecision in the market is shown by this Doji pattern. Keep reading below to find out more about this pattern and how it can be used to highlight market turning points.
Trading Index (TRIN) divergence today. The Emini edged up to 1,347.75 on Wednesday. However, the Trading Index showed a very different picture. Keep reading below and I’ll explain what adjustments I make to the raw data and how this very useful indicator can pin-point market turning points.
The Dow made a stronger up move than the NASDAQ today. The Emini closed up at 1,346.75 on Tuesday. This is the first sign of weakness weÃ¢â‚¬â„¢ve seen in the last 10 days. Keep reading below to understand how larger moves in the Dow can be used to identify market turning points.