Commodity Prices

Gold •706 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,687.60	-24.00	-1.40%
WTI Crude •11 mins	89.67	+1.47	+1.67%
Gasoline •11 mins	3.085	+0.064	+2.12%
Ethanol •706 days	2.161	+0.000	+0.00%
Silver •706 days	30.82	+1.16	+3.92%

Silver • 706 days	30.82	+1.16	+3.92%
Copper • 706 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.67	+1.22	+1.33%
Natural Gas • 11 mins	3.182	+0.042	+1.34%
Heating Oil • 11 mins	3.591	+0.050	+1.40%

Headlines

1,091 days Will The ECB Continue To Hike Rates?
1,091 days Forbes: Aramco Remains Largest Company In The Middle East
1,093 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,493 days Could Crypto Overtake Traditional Investment?
1,498 days Americans Still Quitting Jobs At Record Pace
1,500 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,503 days Is The Dollar Too Strong?
1,503 days Big Tech Disappoints Investors on Earnings Calls
1,504 days Fear And Celebration On Twitter as Musk Takes The Reins
1,506 days China Is Quietly Trying To Distance Itself From Russia
1,506 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,510 days Crypto Investors Won Big In 2021
1,510 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,511 days Food Prices Are Skyrocketing As Putin’s War Persists
1,513 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,514 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,517 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,518 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,518 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,520 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Erik Swarts

Erik is an active trader, who has always taken a broad perspective when approaching the markets.

More Info

Contact Author

Meridian Market Theory

By Erik Swarts - Nov 27, 2011, 7:51 PM CST

Here is a short video update of my Meridian Market Theory.

In the previous note that addressed the technical developments and comparisons within the theory, I said:

"Near term, in either case - bull or bear, I find the market precariously placed at the top of the range and likely to fall back swiftly over the balance of the month." Brace Yourselves

100 SPX points lower (tongue firmly in cheek), and in light of the developments out of Europe this evening - here's an update.