We are finally seeing that much needed pullback that we’ve been patiently waiting for! We’re nearing the 2-3 average true range (ATR) Keltner Channel bands, which signals that the market is extended and close to a healthy pullback. That … Read more

  The S&P 500 (SPY) and Nasdaq (QQQ) futures closed under their daily 8 exponential moving average (EMA) last week. This sets us up to see a potential flush down to the 21 EMA. If we revert to the mean … Read more

After a few new highs and a lot of back and forth action this week, the markets showed some potential signs (see charts below) of setting up for a pullback to the daily 21 exponential moving average (EMA).     … Read more