SPY is breaking out of its rising channel. We could see a retracement down to 454 level.
IWM is in a rising channel. A break above 229.84 can easily take the price to top of the channel within day or two.
SPY in a rising wedge a breakout to the down side will bring it to $448 range. The RSI is in a broadening wedge and it just tagged the top trend line so my bet is it would break to the down side.
AAPL in a broadening wedge with a negative divergence on the RSI. We could see a reversal.
QQQ in a broadening wedge. It just hit the top trend line with a negative divergence on the RSI. We could see a reversal to the downside.
A very bad look for BTC on the weekly chart. It seems to be forming a shooting star and a failed break above the ATH which will then form the double top. But the good news is we still have two days for the bulls to step in and push the price higher before the weekly close. A close above the ATH on the weekly will send Bitcoin on a rocket ship.
ETC had a false breakout of the channel and it is now in a falling wedge pattern. A break to the upside will take it to the upper end of the channel and potentially even go for another breakout of the channel.
Ford had a great run over 30% gain for the past month. It is now at its previous peak so we could see a pullback to it's support or to the moving average before making the next leg up. We also have a bearish harami on the daily chart which is another sign of pull back. The only event that could throw the technicals out the window is the earnings that is coming out Oct 27.
SPY forming an inverse head and shoulder. If we see a breakout a full measured move will take it above 440
ETC in the process of breaking out of the descending wedge. The breakout will take it to around $56. ETC is currently underperforming the rest of the crypto market. It might potentially catch up with the rest of the market.
BTC looks great. It is moving up with increasing volume. The RSI is having a breakout. Major resistance at $61,000. If it can break above $61,000 easy target would be around $86K
Could we see a relief rally? QQQ looks like it is bouncing off the bottom of the channel.
ETC found some nice support level. If the level holds and the price breaks out to the upside we can easily get to the $50 level.
Could BTC test the long term trend line or is it gonna breakout?
SPY forming a bear flag in the 1hr chart. Will find support at the previous low of $428.86.
ETC price discovery is shrinking. This could cause an expansion. If it breaks to the upside major resistance at $52. Lower support around $37.
ETC having a potential double bottom with bullish divergence on the RSI. A break above the resistance will take it all the way to $55 range. The price is currently at the 60% fib level.
ETC close to making a double low high close(DLHC) reversal candle. This is a huge bullish signal. Hope we have a follow through.