Sunday, June 22, 2008

Progression of simple and exponential RSI





Here is a 2m, 5m and 15m snapper on a 1m chart. The red line indicates how the snapper would look when the 1m bar closes.

Monday, June 16, 2008

Wedges

There have been a few good wedge patterns on the NASDAQ 100 index hourly chart over the last month. The market is currently setup close to breakdown but this week is options expiry so who knows where the additional volatility will push this market.

Thursday, June 5, 2008

Another nice trending day


No red candles until about 12:30 pm and then a bounce off the 0.5 Fib level around 2:30 pm.