mproger

mproger

SPY creating a possible double bear flag to drop us to the 200 day sma

mproger

Watching a possible bear flag pattern forming on SPY. Pattern will be confirmed Monday if we see follow through.

mproger

A new bearish divergence has shown up on the hourly charts.

mproger

Red box- impulsive selling into the close, with higher volume.

mproger Updated 

Watching a possible new trendline in SPY. Looking for one more test of it to confirm the line. If this line is confirmed, follow it with for a 2%-4% correction.

mproger

Watch for a correction in the S&P soon, as it is officially overbought and is about to hit resistance as it breaks the rising wedge.

mproger

SPY ended the week at a large long term support turned resistance line. Next week will be interesting to see if we break resistance or start a substantial pullback.

mproger

There is a possible cup and handle showing up in ACB. Watch for a small consolidation period before a larger push to the upside.

mproger

CGC has been stuck in a short term descending triangle. By the end of the month i'm looking to see a breakout.

mproger

SPY broke the rising wedge yesterday and is backtesting the trendline today. The backtest has clearly failed and has caused almost a percent drop from today's open.

mproger Updated 

QQQ might have broken out of the uptrend channel today. Watch for a leg lower in the premarket tomorrow with support around $156.80. NASDAQ:QQQ

mproger Updated 

IWM has hit long term resistance at $144 and bounced down off it. This looks to be setting the stage for a reversal, at least in the short term, Tuesday. Be careful out there, as the markets have been trading sideways for a week now.

mproger

DIA broke out of the uptrend channel today with slightly higher selling volume at the days close. Watch for a pullback in the premarket tomorrow with possible intraday support at $236. EURONEXT:DIA

mproger

SPY is in a tricky situation here. Currently it is stuck in a short term ascending channel. The breakdown point could be any day now as the daily Stoch and RSI are reaching overbought levels. One it breaks down, the next point to watch is the long term support level from back in 2017 at $254. From there it can either break below that, or rise back up to the four...