ChartPros Market Insights
August 20 Chart of the Day - Palantir
Despite 5 Straight Red Days $205+ Technically is in Play
While we typically highlight charts with at least a decade of history, the demand for Palantir has been overwhelming so once again, we’re making an exception.
This is a Must See Chart!
Market Insights Replay: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones
You're invited to join ChartPros Founder Tom Winterstein for a dynamic and fascinating presentation hosted by NinjaTrader as he covered the "magic" behind Fibonacci retracements and extensions.
This was the first time Tom made this presentation since publishing his FREE Fib Guide so you won't want to miss it!
Watch Replay Now!
The Math Behind the Market's Parabolic Move Up: Why 7,000+ Is Technically in Play for the S&P 500
S&P 500 at 7,000? It’s Not Hype — It’s Fibonacci.
Markets may look like they’re defying gravity, but there’s structure behind the surge. The recent parabolic move in the S&P 500 aligns with Fibonacci extension levels mapped out months ago—proof that price often respects math more than media narratives.
While headlines seem to “explain” the action, the real driver is structural anticipation. Fibonacci tools don’t just measure pullbacks; they project targets. And when you view the current uptrend through that lens, 7,000+ isn’t a fantasy. It’s technically in play.
This is not the time to short into strength. It’s the time to understand why it’s happening—so you can align with the move, not fight it.
June 10 Chart of the Day - IBM
IBM Breaks Out to All-Time Highs — What’s Next?
Price just surged to fresh all-time highs, putting traders and investors on breakout watch.
We'll map potential upside targets and pullback zones using price action analysis.
Free Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones
Most Fibonacci charts that we see posted on the internet are not drawn or used correctly.
Based on institutional algorithms this Free Guide will explain to you exactly what Fibonacci retracements and extensions are and how they should properly be used on your charts.
Earn Your Price Action Trader Certification in 90 Days!
This program offers a "blended learning" approach, combining self-paced eLearning with expert-led sessions, allowing traders to access the online component immediately upon acceptance.
October 14 Chart of the Day - S&P 500
The S&P 500 futures (ticker /ES) are making fresh new all time highs (ATH) again today...
A frequently asked question we get is "high how can the markets go?"
The simple answer is "nobody knows with any certainty but basically the markets can go as high as they want to..."
Whenever price is at or near all time highs the only two price action tools we can use to estimate upside targets are Fibonacci and Trend.
See the price action technical analysis estimated upside price targets for the S&P 500 using Fibonacci and Trend.
This is What I'm Binge Watching this Weekend
What I Like to Binge Watch:
- Billions (the hit series on Showtime)
- Shark Tank
- Blue Bloods (my dad is a retired police officer)
- Trading Education Courses...
Yes, Trading Education Courses!
See which ones...
July 1 Chart of the Day - Google
Since GOOG price recently made fresh all time highs (ATH) and faded some is the downgrade warranted or simply window dressing?
We'll take a look at their chart from a price action technical analysis perspective so you can decide for yourself.
Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading
Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.
This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.
May 10 Chart of the Day - Ralph Lauren
Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren (RL), a global multibillion-dollar enterprise.
The company has been making headlines as its price recently tested all time highs set over a decade ago.
Price is fading now but see where the bulls could step back in and potentially continue making higher highs and higher lows.
Where are the Markets Heading? August 21 Chart of the Day - S&P 500
So often I get asked "Tom, where do you think the market is heading?"
I start by saying the better question is "where could the market be heading?"
Because what I think doesn't matter to price action and no one knows with any certainty where the markets are heading.
I don't make predictions, I don't call tops/bottoms however, I may react to price when it reaches a predetermined level of interest by trading or investing in that particular index, equity, commodity, Forex, etc.
Let's take the S&P 500 for example using it's futures ticker /ES...
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