Danger In The Markets? Part IV

The charts seen in this post are from Maurice Walker, http://thechartpatterntrader.com.  First, a daily 1-year chart of the S&P500.  The large broadening pattern  (in blue) is notable, as is the smaller one, as seen by the dotted line. chart provided by http://thechartpatterntrader.com Chart Courtesy of StockCharts.com   Here is a weekly chart of the S&P500.  Notable … Read moreDanger In The Markets? Part IV

Peril In The Markets? Part IV

The price action in the S&P500 since the March low at ~666 has struck me as being very “impulsive.”  This is certainly a cause for concern.  Also, there certainly has not been any significant “wall of worry” that one would expect given the fundamentals. The charts seen in this post are from Maurice Walker, http://thechartpatterntrader.com.  First, a … Read morePeril In The Markets? Part IV