The Nasdaq/Tech stocks have been by far the most volatile recently, having frequent huge intraday swings. The daily chart is still showing a Head & shoulders reversal pattern, though it was almost invalidated recently. On the other hand, we have a wedge that has been forming for sometime with no break yet. The price action is leaning to the bearish side as Tech...
The Dow Jones has been quite weak recently, even more so than the other two indices. I'm seeing bearish price action despite record earnings. Currently I believe a tentative short entry with a tight stop is warranted. The DJX recently broke down out of a bearish ascending wedge, but has since retraced into what looks like a bear flag. On the other hand we have a...
