TheTradersBias

TheTradersBias

This is the main chart that I am watching at the moment. It has all the information on it that I need to see the markets direction. The main drivers on this chart are oil and JNK (junk bonds). As you can see stocks SPX have diverged to the upside while USD/JPY has diverged to the downside. I am watching in particular for the JNK support to break down with oil. It...

TheTradersBias

Interesting measured move here on $DJIA. See if this is a turning point.

TheTradersBias

The 10 yr yield bounced off support but not convincingly so. See how it goes this week

TheTradersBias

I have been following this megaphone setup. It is almost identical to the GFC top reversal.

TheTradersBias

I have been following this long term megaphone setup. I think we will see a retest of the uptrend resistance which is quite common before we see the major down leg. Can the Fed stop this from happening with QE? That remains to be seen. I very much doubt it.

TheTradersBias

Absolutely fantastic action buying call options ahead of of earnings.

TheTradersBias

I believe we are seeing the same domed house pattern that occurred in 2011. We should see some retracement of the recent move higher before breaking through the 50 MA.

TheTradersBias

Nice breakdown on this pair.

TheTradersBias

Strong breakout. Maybe see a retrace before moving higher.

TheTradersBias

$VIX is up but I am not seeing any sign of a major down move in stock markets yet. See how it looks by the end of the week.

TheTradersBias

This top reversal pattern is consistent with what we have seen in the past with this 21 day cycle. You can go a few candle past the line before you get the reversal. There has been a rejection off the 100 day MA. Need to see if there is a follow on red candle tomorrow.

TheTradersBias

$SPX daily. We are at the top of the 21 day cycle as of Friday. It was also $SPY OPEX. This should mark the top of this current rally and we should see a retrace in the week ahead. This is a sideways ranging pattern on the weekly chart. On the daily chart here the price has diverged too far from the kijun sen so it could over correct back below 1950. That is just a guide.