SDOW is shown here on a 30 minute chart current rising above a parallel descending channel
which is within a longer trend of a downward-facing megaphone pattern where it is currently
situated near the top of the megaphone. I have drawn the two trendlines onto the chart
and added an RSI indicator. My plan is to take a short trade on SDOW by looking for an...
SPY has been in an erratic uptrend since October. on the 2H chart,
It is now in a megaphone pattern with more touches of the lower support
trendline than touches of the upper resistance trendline.
This suggests a breakdown out of the pattern.
The MACD shows the lines below zero and the MACD about to cross under
its signal.
Price is about to break under...
