Tag Archives: chart analysis

BAC Bullish BAT

Here is a monthly chart of Bank of America. A bullish bat completed at .886 retracement of X to A leg, AB projection 1.618, and BC projection at 2.24. There was a retracement prior to the 50% level, so the … Continue reading

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Soybeans Bearish Butterfly Setup

Here is a monthly chart of soybeans with a potential bearish butterfly setup completing around 1900. The fib confluence is great and it has an ABCD into the 1.272 extension. The AB extension is at 1.618 and the BC extension … Continue reading

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Possible S&P Futures Butterfly Pattern

Here is a possible bearish butterfly setup forming on the S&P 500 Futures which would complete at around 1428 area. Wouldn’t  be surprised to see a spike down first. The charts seem as if they have been carefully crafted in … Continue reading

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A Look At USDCHF

This trade is now up over 800 pips. The USDCHF came within just 3 pips of the 0.7063 level. This is a monthly chart. The next level I am targeting is the 0.8180 level which is a bearish bat pattern … Continue reading

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Gold Analysis

Here is a monthly chart of gold. We had a gap a week ago that has not been filled. Gold gapped and ran up about $140 to a high of $1815/oz. In my opinion that could very well have been … Continue reading

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FTSE100 Index Analysis

Here is analysis for the FTSE100, or the top 100 issues on the London Stock Exchange. I see a potential move down to around 2800 area at which point an ideal butterfly pattern would complete. The most recent move I … Continue reading

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CAC40 Analysis

Here is my analysis for the CAC40, or French Benchmark Index. 1500 would be my conservative target, but I do see potential for a much lower target should things really get ugly in Europe. I just do not see the … Continue reading

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Gold Analysis

Gold has been on an absolute tear and has been bought as a safe-haven. This chart shows how a previous pattern played out and we are at the exact fib extension area that it pulled back before. Will gold retreat … Continue reading

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S&P 500 Futures Invalidates Bull Phase

Here is what I see unfolding on the S&P 500 Futures chart. This is a weekly chart showing the bullish 5-0 pattern that I predicted some time ago which you can find in the archives. What has unfolded was a … Continue reading

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A Look At USDCHF

The Swiss Franc has been the safe-haven currency for quite some time. Where will it stop?? When will the beating up of the USD end? We have seen over the course of 1 week $2.5 trillion lost in global markets … Continue reading

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