Finally Found Something

It’s been nearly 4 weeks since the last post and filled with everything but market gazing for me.  There have been stretches of days where I didn’t even look at the market to see what was happenig; work has been that busy.  What market looks I did take made me happy to be on the sidelines as another range was playing out.  However, last week got me a bit more curious about a potential upside breakout for SPX, and it took place yesterday:

Buying this breakout

A potential breakout on SPX wasn’t the only thing I noticed.  NVDA and SVNT also piqued my interest, so I bought both today.  NVDA presented very palatable risk:reward I couldn’t pass up with the plethora of DEMA support just below:

SVNT struck me as a potential retrace play from the horrific red candle last year while also offering DEMA support should things go wrong:

SVNT should fill the candle

I take a few weeks away and wordpress gets froggy on me   Charts won’t paste correctly.

McO shows a powerful thrust:

I will gladly accumulate more of both and anything else that looks promising if conditions warrant.  SPX looks primed to play out the long held chart target of 1420-1440 range from the much earlier cupnhandle formation and the current inverted H&S formation.  What’s a pattern for if not to serve as a trigger. 

Speaking of triggers, $TICK DEMA bottoms still prove powerful—for those with gumption to by weakness and fear.  Sadly, I struggle with summoning my inner Tiger blood at such opportune buying times:

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