TSLA Skids Into an Important Target

We started posting about TSLA a little over a year ago when it dipped below important horizontal support [see: Can Tesla Avoid a Crash?] We’ve updated the charts multiple times since then, working to stay ahead of Musk’s obvious attempts to manipulate the stock.  The harmonic picture has been tricky due to the presence of … continue reading →

Greatest Economy Ever?

Is this really, as Trump maintains, the “greatest economy ever?”  Hardly.  Sure, changes in the way that inflation and employment data are calculated/defined have allowed the government to report generally positive results.  But, one needn’t dig far beneath the surface to realize that they not only don’t represent the real economy; they’re downright deceptive. Because … continue reading →

A Broken Record

Though it is getting a little monotonous, I’ll never get tired of saying that we’re about to tag our next downside target. The past two weeks of downside have been a great recruiting tool for chart patterns and this website in particular. A note to prospective members…we’re currently offering auto-renew monthly subscriptions at half-off the … continue reading →

Time for Bulls to Get Nervous?

SPX needed about 22 points downside to reach the support of its SMA50, a rising channel bottom, and a falling channel bottom.  ES, which finally reached our 2655 target from last week [see FOMC: Endgame] is currently off 30 points. At this rate, SPX will breach its support on the open, especially if USDJPY doesn’t … continue reading →