Update: S&P, Thursday, June 20

2:40 PM, EST The selling in the indices is being accompanied by relatively rare extreme negative Breadth readings. The internals are VERY compressed. This is a condition that is highly likely to create a low very soon (probably no later …

ES Update

11:26 Breadth at the moment on the 120m chart is registering the most negative reading since the November low. This reinforces the idea the indices should be making another low prior to another run to new highs. Further downside price …

S&P Pre-mkt. Update, Wednesday, May 30

Below are three charts highlighting three distinct time frames – long-term, intermediate-term and short-term. The intermediate and short-term charts share the same KRAs (potential support/resistance areas). The long term chart illustrates that the bull trend of...