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A Special S&P 500 Chart courtesy of Investingfreak

Sun, 28 Mar 2010 22:45:39 +0000

This weekend I will share with you a chart that I view at the end of every week.
When I glanced at it last night i saw that we are right at the bottom of a trending channel.

It will be an interesting week coming up so I decided to finally share it with the rest of the world (including the masterminds at Gold in Sachs)

As always click the above image to enlarge. Since a picture is worth more than a thousand words there is no need for me to comment on it further.

Have a profitable week ahead.

-K

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$SPX Psychotic Line Resistance

Thu, 22 Oct 2009 01:41:39 +0000

It was a fun day today.
Market opened up and rallied 10 points by 10:45AM. It was all downhill from there but the big kicker came at 3:10-4PM when the market dropped 17 points.

I will let 2 charts and this link be the hint of what I think we are going to do in the next few days at least.

Chart 1 is a closeup of the past month with the trend lines drawn almost a month in advance. (Click to enlarge)

Chart 2 is a zoomed out view from where the rally began. (Click to enlarge)

That’s all folks. These are the charts promised almost a week earlier.
Have a safe investing season this fall/winter it should be epic.

-K

Interesting S&P 500 Chart using Fib Retracements.

Tue, 10 Feb 2009 02:36:55 +0000

I have gotten carried away lately with life so this blog hasn’t received the tender caring love.
Tonight I bring you a chart I have been watching since mid January.

There is support of 818 and 804 on the S&P 500 and resistance at 890. I will add to my short positions at 890 or if we test our supports I will watch closely as I think third time is a charm for a breakdown.

Without further delay here is the (in)famous chart. Click to Enlarge

Hope you like it.
-K