Wed 14th May (11 am) US stock indices keep pushing higher and London’s FTSE 100 is also pushing up to test a major all time high. The FTSE closed at its highest level in 14 years: FTSE monthly

Tue 13th May (9.15 pm): Weaker than expected EUR data has depressed the E/J and thus no new signal. The A/J and G/J signals are now struggling too. I’ll be watching the E/J now for any new break back below the 140. I’ve closed my G/J trade for a 25 pip loss. Tue 13th May (4.45 […]

Tue 13th May (1.30 pm) I have been charting the major US stock indices here and noting how they have all been consolidating within various technical charting patterns. Two of these indices have now made a breakout. I will be watching these to see whether they can hold these breaks for their weekly candle close: NASDAQ:This […]

Fri 9th May (4.45 pm) Most of the major US stock indices are still consolidating but the Russell 2000, or ‘small cap index’, is showing a bit of strain as of Thursday’s close. S&P500: still consolidating in the ascending triangle:

Thurs 8th May (3 pm) The three major US stock indices, S&P500, NASDAQ and Dow Jones Industrial Average, are all still consolidating in what can be described as bullish technical patterns. I will take a look at each of these. S&P500: This major stock index is consolidating in an ascending triangle pattern. The daily chart shows […]