The Nasdaq Composite is up more than +19,200% from its lows in 1974....
The Shanghai Composite is making its way towards big overhead resistance! Would be bullish if it could break through this resistance zone!
Gold futures are grinding their way back towards all time highs of 1923 on the monthly chart! A break over that level would be bullish longer term!
The bullish view of the S&P 500 chart is that it's digesting recent big gains off the March lows. Break above this consolidation would be bullish
The bearish view of the S&P 500 chart is a declining triangle pattern is emerging. Bearish on a break below $296.74
Sturm, Ruger & Company is on the verge of a breakout on the monthly chart. The stock has been consolidating on the monthly chart since 2014 (6 years). A break above $74.19 could set up for a longer term run higher!
Tesla has now rallied by over +188% since it's March lows. This rally came after the stock corrected by over -50% in early March. "Buy when others are despondently selling."
The Nasdaq Composite is in a tight consolidation just above a major break out level! Could potentially break higher out of this pattern.
The S&P 500 continues to consolidate after a big run off its March lows. A few days/weeks of consolidation would actually be encouraging here. It would continue to work off overbought conditions and potentially set up for another leg higher.
The VIX finished today 10pts off its intraday highs!
Good morning! This current consolidation in the S&P 500 is working off overbought conditions on the daily RSI. What this is allowing is the potential for a break to new highs, after things consolidate for a while. How the market handles this current consolidation over the next few weeks/months is very important!
Shhh, don't tell anyone... $FXY $NKY $STUDY
Really? See this chart: We never dipped below yesterdays lows. Tradingview shows we did??
--- Trades beautifully. Institutions still want shares
Hard to ignore the strength in this one