The S&P 500 index proxy (SPY) has followed through to the upside just as we forecast. Now that the short squeeze has successfully cleared out the stops, it is likely to stall out and reverse. This reversal should be “it”, so we are interested in building a strategic position on the short side in the…
Helmerich & Payne, Inc. (HP) gave us a nice second chance entry last week as price trade within the green zone. Now we wait and see if price can challenge the blue zone in the next week’s trading.
(EUR/USD) is working through a wave of short term bullish energy. This is in conflict with the deep time-frame bearish energy that continues to build. We are waiting until we can get a reading with price within the ivory zone as indicated on the chart.
Halliburton (NYSE:HAL) has given us the reading we were hoping for, and thus we are able to convert the ivory “wait and see” zone into a fully qualified trading opportunity. We will expect to see price dip slightly lower to test within the green zone, then turn back up to offer profits in the blue…
Halliburton (NYSE:HAL) frustrated us last week as it rallied cleanly to test the forcasted profit area…BUT failed to dip down into the green zone to provide a qualified entry. Now, it has turned lower and is offering the possibility of a “second chance entry”.
(EUR/USD) is working through a wave of short term bullish energy. This is in conflict with the deep time-frame bearish energy that continues to build. We are waiting until we can get a reading with price within the ivory zone as indicated on the chart. Intra-day traders might want to stalk the long side as…
Helmerich & Payne, Inc. (HP) missed us as price never dipped down into the green zone to trigger entry. We see a second chance entry possible in this stock, but will have to let a week pass and get some more timely readings before turning the likely reversal zone shown here in ivory into an…
The S&P 500 index proxy (SPY) is still showing bullish energy that keeps our forecast stable…We are looking for a move back up into the ivory area, then a lower high and a breakdown to new lows.
The Gold ETF Proxy GLD has followed through to the upside as forecast. We are forecasting a breakout above the 8/24/15 highs. There is an area of resistance highlighted with an ivory box on the chart which could cause a moderate reversal, so we will wait until that area is tested to provide a better…
