The S&P 500 closed lower by 1.64% on the day to 2026.14. Those who write headlines are blaming the fall on falling energy prices but there is another possibility for why we fell. After the double top (marked in blue above) in the S&P broke 2050, a pattern target of 2021 was triggered. Today’s low… Read More »
The last few weeks have been the strongest and most consistent rallies in US equity market history. US equity markets have traded above their 5-day moving average for 27 days – the longest such streak since March 1928 and all amid GDP downgrades, missed PMIs, and downward earnings outlook revisions. Given the holiday week, it… Read More »
Gann Trading strategies Importance of number 3 Majority of moves will generally occur in time period of three – days, weeks or months.Never trade in the direction of the trend on its third day. Tops, bottoms and consolidations * Tops usually take time to form. Spike tops are less common compared to spike bottoms. Tops… Read More »
To most of the technical analysts and financial traders, the name, William Delbert Gann, is well-known. Gann was one of the greatest traders in the early twenty centuries, who has extremely arcane trading analysis techniques and methods that based on ancient mathematics and geometry. Yet, as it was never unveiled explicitly, the theory of Gann… Read More »