Good Day Everyone
A look at the DOLLAR INDEX from a monthly perspective we are still net short on the index seeing a rally of some three ( LL) candle on the chart on a bearish rally.
from the weekly perspective the sentiment is still the same 4th month closing an a ( LL ) rally looking for continuation of this momentum to the downside before seeing some...
WDAY is working on a final sideways pattern before testing the completion level for this intermediate-term bottom. Large lots have recently created a Shift of Sentiment™ pattern in the Balance of Power Indicator with their large lot activity.
NFLX has moved into the completion of bottom area, but is struggling to hold on to that completion level. Some rotation is present from large lots. NFLX did not have a strong pre-earnings run.
Professional Traders are creating a consolidation for JD at a long-term bottom completion level. Heavier-than-normal large lots are on the buy side based on Balance of Power Indicator patterns.
IDXX stepped down after reaching a new all time high. The stock is under moderately heavy Dark Pool Quiet Rotation™ at this time. The bottom red line indicates the top completion level support.
CDNS is at risk of a topping formation, but has bounced on its top completion support level. If the stock breaks through this support, the next level of support is below $50.
VRSN has a bounce up at a support level that is technically within the topping formation completion level. The stock has recently consolidated above the prior low for this top.
NTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence...
IBM has been trending sideways, and recently filled the gap up from 4th-quarter earnings in 2018. IBM has formed an intralevel short-term bottom, which is at a short-term completion level.
Shutterfly Inc. has been working on an intermediate-term bottom for most of this year. Momentum has moved the price up to just below the bottom completion level. There is also a Shift of Sentiment on the Balance of Power Indicator revealing Dark Pool intermittent Quiet Accumulation.
Double tops seldom decline steeply. The current price has not dropped through the top completion level. If it breaks through that support, the target downside run gain is around $78.
