Are you seeing harmonic TrendLines..?
A correction to 1550 with a possible market bottom of 1230-1370. A volume jump from the beginning of the fiscal year (September) will be another factor in the decline.
Although the SPX chart is a mess up at the top it is the NYSE that was the dead give away that there is going to be a sizeable correction to take place and this chart was the key to changing our posture on the markets to one of caution. We would also like to extend an invitation out to anyone interested for an open house at our site for five days to showcase our...
The last correction during downtrend reached the previous max level. I expect. the further move down. Earning information coming this week may give a boost to volatility.
As the previous bearish candle touched dynamic resistance line I expect the price will go up.
S&P 500 - It's Tea Time - Cup and Handle Formation in Afterhours Shallow cup and handle formed after the close. Entered long at 2049 stop 2030 take profit targets above 2096
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So today i decided to look at some more stocks; and here we see TJX inc. This company owns TJMaxx Marshalls and HomeGoods in The US. In their charts we see a forming cypher pattern with the C point resting around $70 a share. Now usually i wouldn't want to trade this over this long of a term , but i have a few things going for me here. The first is a dense...
Bearish MACD Crossover RSI Rolling Over Stochastic Topping Out CCI Charging Lower Break of the 2009 trend-line paints a clear picture. The market is going to head south in a big way in the not too distant future. A break of the ~10,400 or so line will confirm.
S&P 500 Three Drivers Short Strategy for 3% Correction by June 9 Assuming a retest of the 2061.9 low from May 7. Optimal short entry targets around 2121, 2106, and 2092. Take profit on each drive down, reopen short on minor retrace up.
Broken Arrow - Ending Diagonal New York Composite looks similar to the SP500. Price action seems to had made the last wave up the 21th of may 2015 and thus done with the 5th of the 5 waves up since 2009 low. Yesterday's price action stopped at the lower trend line for the ending diagonal. We still need have confirmation - either by price action breaking the...
Here we see a Gartly pattern with a respected linear regression, suggesting the market will rally even higher for Verizon. the RSI suggests that the market is not over bought and the linear regression shows an obvious uptrend as well as the Gartley pattern suggesting a move up, so i have decided to get in long. I have place my entry at current market price...
Just alerted to this interesting movement on NYSE:I
So here we see a crab pattern on Sony's monthly charts, for you long-term traders. As you can see, the pattern completes and thus the reversal is in action. After 8 months, we see a retracment to the .500 fib. all rules continued as the market resumes trend and rally's to the 1.618 extension of the cup. It appears that the market will begin to consolidate in the...
Will we breakthrough and above this resistance line that has been in place since last May or do we collapse? We all like to look at the S&P and Nasdaq and such but I also like to see what the NYSE has to say as well. So, will the 50 day MA finally push us through and above, any thoughts? I wish I could say I know but I will take a wait & see approach for now.