Telescoping

 3/27/2026

Telescoping is the process of looking at the near term and then stepping back to weekly and monthly to get a longer perspective of what the market is telling us.  

Daily 

Weekly

 Monthly

 

Daily = April is Liberation Day, Trump's sock market crash from his ill founded tariffs, his advisers prevailed leading to a tariff back off and a rally into Oct thru Feb 1. 

Weekly - There is a gap at  20,500, let's look for an interruption of the downtrend, but the momentum is building to the April low.

Monthly

Monthly charts are far slower than day or weekly. So a change in trend is significant. 

 the box on left highlights the move above the PMO averages. the red arrow at right highlights the movw below that average, ie we have a long time to go before the cross over to the upside. 

Hourly

 

I can count one down, two up, three down, foor sideways, and now a fifth cown, let's wait for a bigger commitment. this should lead to an A B C correction to the upside. 

 30 minute - yes we are close to a short term trend change