(This is an excerpt from the past weekend premium member report published last Friday morning the 1st)
S&P 500 (CME)
The S&P Index is attempting to penetrate the neckline of a 22-month continuation inverted H&S pattern. Note that a 15-week ascending triangle has been completed on the daily chart of the Dec contract. Perhaps this triangle will serve as the launching pad to complete the larger H&S configuration. Factor is long.
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https://www.peterlbrandt.com/wp-content/uploads/2019/11/stocks-keep-on.jpg8881333Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2019-11-05 08:46:502019-11-05 08:47:58Stocks Keep On
https://www.peterlbrandt.com/wp-content/uploads/2019/09/brazil-and-mexico.jpg5181555Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2019-09-30 15:07:172019-09-30 15:07:17Down in Latin America
This continuation H&S pattern can be seen as part of a historic bull trend as seen on the yearly line and monthly candlestick charts. This pattern has a target of 1800
We have an Interest Equity Markets development. The DJIA has been unable to make a new high for the past 18 months. This is also true for the S&P 500. My thinking is that a decisive new high by these two indexes confirmed by a new high in the S&P A/D is required to put the cyclic bull trend back on track.
This discussion will bring Factor members back to Jun 2017. The advance in Mar 2016 violated a multi-year parabola. Following the initial rally from the violated parabola, the market corrected in the form of a 13-month channel. The completion of this channel in Jun 2016 produced a 785 BP trading profit for the Factor Tracking Account. Another channel is forming in the C$. This is a diagonal pattern, so I am cautious. Keep in mind
Stocks Keep On
/by Peter BrandtS&P 500 (CME)
The S&P Index is attempting to penetrate the neckline of a 22-month continuation inverted H&S pattern. Note that a 15-week ascending triangle has been completed on the daily chart of the Dec contract. Perhaps this triangle will serve as the launching pad to complete the larger H&S configuration. Factor is long.Down in Latin America
/by Peter BrandtI have a greater interest in the Real than in the Peso. The weekly chart displays a massive descending triangle on the futures chart
Equities Show Promise
/by Peter BrandtThe S&P cumulative A/D line has posted a new high. The major indexes (DJIA, S&P 500 and NASDAQ) should be next to post ATHs.
Precious Metals Trying to Break Free
/by Peter BrandtThis continuation H&S pattern can be seen as part of a historic bull trend as seen on the yearly line and monthly candlestick charts. This pattern has a target of 1800
Interesting Equity Markets
/by Peter BrandtWe have an Interest Equity Markets development. The DJIA has been unable to make a new high for the past 18 months. This is also true for the S&P 500. My thinking is that a decisive new high by these two indexes confirmed by a new high in the S&P A/D is required to put the cyclic bull trend back on track.
Forex Plays
/by Peter BrandtThis discussion will bring Factor members back to Jun 2017. The advance in Mar 2016 violated a multi-year parabola. Following the initial rally from the violated parabola, the market corrected in the form of a 13-month channel. The completion of this channel in Jun 2016 produced a 785 BP trading profit for the Factor Tracking Account. Another channel is forming in the C$. This is a diagonal pattern, so I am cautious. Keep in mind