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No HS on the SPX Daily chart...it lacks a right shoulder.

This could be a false breakout...volume will tell the story. The Fed said economy is getting worse and essentially fabricating money to buy its own money...how does that work?

Standard technical analysis 101 says volume has to confirm direction, and it simply does not. Moreover, yesterday, a down day, had tremendously high volume. I use a 34 EMA and in addition to the price failing to cross it, this position serves as a strong resistance PRICE. The price will...

Bear market probably NOT over...take a look at LOW volume and progressively lower volume on EACH rising day.

Please accept my apology...I am a veteran trader but new to blogging.

I believe 6200 is the next realistic bottom, only to be followed by 5200. The economy is shrinking, and the market should, in my opinion, keep tapping new previous supports until important economic metrics begin to show a sustainable new direction for the economy, not to mention the overall...

Thanks so much for your comment. I don't know, but it seems like the market community would come unglued over something like this. Plus, I hear DeFazio is a real nutjob.

Well stated, from my perspective. It seems more like a lonely hearts club than a serious trading community.

Now there's a positive spin. I've read that DeFazio has proposed the Trader Tax before and always shut down by Pelosi. Also, Schumer shouldn't like this tax as it will likely hurt NY revenues...

I don't use it; have my own system; but did "try" to use it and couldn't even come close to making it work...I just keep wondering why there seem to be so many followers?

Has anyone had any experience trading using the Woodies CCI Club methods? Does it work?

Does anyone know if it is legal--doable--to trade foreign markets NOT thru a US brokerage, so as to avoid having to pay any US-based trading fees--or does that law require ALL trading to go thru US brokers and be reported to the IRS?

I've been tracking it there, but wondering if anyone knew any more than what was there. Thanks for that info., however.

Has anyone heard of any progress/action re HR 1068?