Category Archives: Market Overview

Market Revisits The November/December Highs: Supply And Demand Battle To Begin

The major market indices are back to where they were before the alarming December decline and the euphoric December rally. It is important to understand what this means from a supply and demand perspective. Those traders who held long positions through this four month roller coaster ride may be very happy to have recovered their… Read More »

Be Alert To This Pattern On The S&P 500 Chart: It Formed At The December High And Every High Since October

In December we highlighted an interesting pattern of eveningstar reversal formations on the S&P 500 daily chart. We noted that, in both October and November eveningstar patterns had formed on the chart. They had marked important lower highs An eveningstar is a bearish three-day reversal formation, often seen at market tops. It consists of a… Read More »