Last week: The complacency that had plagued the markets for the last few weeks came to an abrupt end following the FOMC update. We’d had weeks of very few trend line breakout moves but there was an abundance in this last week. The Federal Reserve indicated that US interest rates might rise sooner than initially forecast […]

Last week: It was yet another week with plenty of indecision-style candles and this meant there were no trend line breakout opportunities of any substance. The northern hemisphere summer seems to be impacting current trading volume and sentiment but the wait for this week’s FOMC update has likely helped to keep markets range-bound and indecisive. […]

Last week: It was another week of numerous Spinning Top and indecision-style weekly candles reflecting the ongoing choppy price action that, again, resulted in only a few trend line breakout opportunities. Despite this indecision, the four major US stock indices, the S&P500, DJIA, NASDAQ and Russell-2000, managed to scrape through with bullish-coloured weekly candles and […]

Last week: The large number of Spinning Top weekly candles reflect the indecisive and choppy action that defined much of last week and meant that there were only a couple of decent trend line breakout trades. Many trading instruments are chopping around key horizontal levels which, at least, gives traders level to watch for any […]

Last week: The NASDAQ was the only US stock index to close higher for the week with the S&P500, DJIA and Russell-2000 all closing lower. However, those last three indices still remain above 14-month support trend lines so their trend remains up for the time being. There are some obvious headwinds in play for stocks, […]