About meHey, I’m learning TA by publicly sharing what I notice in the securities I’m interested in. Please, poke holes in any idea which doesn’t seem right. Fish don’t fry in the kitchen.
SKYY tracks the ISE CTA Cloud Computing Index (CPQ), and on this weekly view looks like one of few possible V-bottoms.
A few points to note:
- SKYY's current bottom actually took place March 16th; a calendar week before most equities
- We've had a 35% pop since the 16th (more than half of the nominal decline)
- And closed out last week with:
- absolutely...
After a 32% jump from this bear market’s current low on March 23, Canadian banks (equally weighted) stalled after a modest evening doji star; confirmed in the prior two sessions with half of an initial 10% reversal in the bag.
Today’s closing price is inline with support/resistance levels during the bear market of summer 2015.
If volume comes back, ZEB could...